LMG Wealth Partners LLC Purchases 726 Shares of RTX Co. (NYSE:RTX)

LMG Wealth Partners LLC raised its position in shares of RTX Co. (NYSE:RTX) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,664 shares of the company’s stock after acquiring an additional 726 shares during the period. RTX makes up about 1.7% of LMG Wealth Partners LLC’s investment portfolio, making the stock its 21st largest position. LMG Wealth Partners LLC’s holdings in RTX were worth $6,893,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Briaud Financial Planning Inc boosted its stake in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory purchased a new stake in shares of RTX during the second quarter valued at $26,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of RTX during the second quarter valued at $32,000. Fairman Group LLC purchased a new stake in shares of RTX during the fourth quarter valued at $38,000. Finally, Beaird Harris Wealth Management LLC boosted its stake in shares of RTX by 42.2% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock valued at $39,000 after purchasing an additional 139 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the sale, the chief executive officer now owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. Wells Fargo & Company lowered their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their price objective on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research note on Tuesday, July 30th. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $153.47.

RTX Stock Down 1.3 %

Shares of RTX traded down $1.65 during mid-day trading on Tuesday, hitting $121.69. 705,293 shares of the company traded hands, compared to its average volume of 7,108,888. RTX Co. has a 1-year low of $68.56 and a 1-year high of $123.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $161.88 billion, a PE ratio of 48.37, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The business has a 50 day moving average of $110.62 and a 200 day moving average of $103.59.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

About RTX

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.