GWN Securities Inc. acquired a new stake in shares of RTX Co. (NYSE:RTX – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 9,046 shares of the company’s stock, valued at approximately $1,128,000.
A number of other large investors have also recently made changes to their positions in RTX. KBC Group NV lifted its position in shares of RTX by 5.4% during the 3rd quarter. KBC Group NV now owns 105,297 shares of the company’s stock valued at $12,758,000 after buying an additional 5,374 shares in the last quarter. CIBC Asset Management Inc raised its stake in RTX by 6.8% during the 3rd quarter. CIBC Asset Management Inc now owns 246,986 shares of the company’s stock valued at $29,925,000 after purchasing an additional 15,756 shares during the period. Signature Estate & Investment Advisors LLC raised its stake in RTX by 4.5% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 7,388 shares of the company’s stock valued at $895,000 after purchasing an additional 321 shares during the period. Natixis Advisors LLC raised its stake in RTX by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 1,238,447 shares of the company’s stock valued at $150,050,000 after purchasing an additional 23,311 shares during the period. Finally, RIA Advisory Group LLC bought a new stake in RTX during the 3rd quarter valued at approximately $250,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at RTX
In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares of the company’s stock, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 in the last quarter. 0.13% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on RTX
RTX Stock Performance
NYSE RTX opened at $130.00 on Friday. The company has a market cap of $173.56 billion, a P/E ratio of 36.62, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The business’s 50 day moving average price is $125.33 and its 200-day moving average price is $122.16. RTX Co. has a fifty-two week low of $92.35 and a fifty-two week high of $135.36.
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current year.
RTX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.
RTX Profile
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.
Featured Stories
- Five stocks we like better than RTX
- How to Use the MarketBeat Dividend Calculator
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What Are Dividend Challengers?
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.