U.S. Capital Wealth Advisors LLC Acquires 39,334 Shares of RTX Co. (NYSE:RTX)

U.S. Capital Wealth Advisors LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 22.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,734 shares of the company’s stock after purchasing an additional 39,334 shares during the period. RTX accounts for about 0.7% of U.S. Capital Wealth Advisors LLC’s portfolio, making the stock its 24th biggest position. U.S. Capital Wealth Advisors LLC’s holdings in RTX were worth $17,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its stake in RTX by 26.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock worth $10,077,000 after buying an additional 28,910 shares during the period. Mather Group LLC. raised its stake in RTX by 8.5% during the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock worth $1,153,000 after buying an additional 1,079 shares during the period. Rockline Wealth Management LLC acquired a new position in RTX during the 4th quarter worth approximately $2,438,000. B&D White Capital Company LLC acquired a new position in RTX during the 3rd quarter worth approximately $14,186,000. Finally, PDS Planning Inc purchased a new stake in shares of RTX in the fourth quarter worth approximately $356,000. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now directly owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the transaction, the director now owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The disclosure for this sale can be found here. Insiders sold 137,842 shares of company stock valued at $13,603,426 over the last three months. Company insiders own 0.13% of the company’s stock.

RTX Stock Performance

NYSE RTX traded down $0.49 on Friday, hitting $101.40. 13,324,869 shares of the stock traded hands, compared to its average volume of 7,489,805. The business’s fifty day moving average is $96.70 and its two-hundred day moving average is $88.49. RTX Co. has a 12 month low of $68.56 and a 12 month high of $103.89. The firm has a market capitalization of $134.81 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 1.83 and a beta of 0.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. During the same period in the prior year, the company earned $1.22 earnings per share. RTX’s revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that RTX Co. will post 5.4 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.49%. This is a positive change from RTX’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, May 16th. RTX’s dividend payout ratio is 92.55%.

Analyst Ratings Changes

RTX has been the subject of several analyst reports. Bank of America increased their price objective on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen increased their price objective on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Susquehanna increased their price objective on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday, April 24th. UBS Group increased their price objective on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price objective on shares of RTX in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $96.93.

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.