First National Corp MA ADV Sells 3,875 Shares of RTX Co. (NYSE:RTX)

First National Corp MA ADV trimmed its position in shares of RTX Co. (NYSE:RTX) by 40.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,748 shares of the company’s stock after selling 3,875 shares during the quarter. First National Corp MA ADV’s holdings in RTX were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of RTX. Planned Solutions Inc. bought a new position in RTX in the 4th quarter worth $30,000. DDD Partners LLC bought a new position in RTX in the 4th quarter worth $11,213,000. Courier Capital LLC raised its holdings in RTX by 17.9% in the 4th quarter. Courier Capital LLC now owns 55,622 shares of the company’s stock worth $4,680,000 after purchasing an additional 8,444 shares during the period. IFG Advisory LLC raised its holdings in RTX by 4.5% in the 4th quarter. IFG Advisory LLC now owns 33,037 shares of the company’s stock worth $2,780,000 after purchasing an additional 1,411 shares during the period. Finally, High Note Wealth LLC raised its holdings in RTX by 6.2% in the 4th quarter. High Note Wealth LLC now owns 13,155 shares of the company’s stock worth $1,107,000 after purchasing an additional 768 shares during the period. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on RTX. Royal Bank of Canada raised their price target on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. TD Cowen raised their price target on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. TheStreet raised RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. UBS Group raised their price target on RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company raised RTX from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $120.00 in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Hold” and a consensus target price of $95.12.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the sale, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock valued at $3,448,188 over the last 90 days. Insiders own 0.13% of the company’s stock.

RTX Trading Up 0.2 %

RTX opened at $97.65 on Thursday. The firm has a market cap of $129.84 billion, a P/E ratio of 43.50, a P/E/G ratio of 1.75 and a beta of 0.87. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $91.16 and a 200 day moving average of $83.42.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. The company had revenue of $19.93 billion during the quarter, compared to analyst estimates of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.27 earnings per share. As a group, research analysts forecast that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is currently 105.36%.

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.