Advanced Asset Management Advisors Inc Has $6.20 Million Stock Holdings in RTX Co. (NYSE:RTX)

Advanced Asset Management Advisors Inc boosted its stake in RTX Co. (NYSE:RTX) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,776 shares of the company’s stock after purchasing an additional 80 shares during the quarter. RTX comprises about 1.7% of Advanced Asset Management Advisors Inc’s holdings, making the stock its 24th biggest position. Advanced Asset Management Advisors Inc’s holdings in RTX were worth $6,196,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. 10Elms LLP acquired a new stake in RTX in the fourth quarter worth $29,000. Fairway Wealth LLC bought a new position in shares of RTX in the fourth quarter valued at $31,000. Picton Mahoney Asset Management lifted its stake in shares of RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after buying an additional 265 shares in the last quarter. Greenline Partners LLC bought a new position in shares of RTX in the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of RTX in the fourth quarter valued at $39,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RTX shares. UBS Group raised their price objective on shares of RTX from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Morgan Stanley raised shares of RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 price objective on the stock in a research note on Wednesday, April 23rd. Cowen reaffirmed a “buy” rating on shares of RTX in a research note on Friday, May 23rd. DZ Bank raised shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective on the stock in a research note on Friday, April 25th. Finally, Wells Fargo & Company raised their price target on shares of RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $159.82.

RTX Stock Performance

Shares of RTX stock opened at $145.47 on Monday. The firm has a market cap of $194.34 billion, a price-to-earnings ratio of 40.98, a P/E/G ratio of 2.11 and a beta of 0.63. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a 52 week low of $99.07 and a 52 week high of $149.10. The firm’s 50-day simple moving average is $131.41 and its two-hundred day simple moving average is $126.58.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were given a $0.68 dividend. This is a positive change from RTX’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.72 annualized dividend and a yield of 1.87%. RTX’s payout ratio is currently 79.77%.

Insiders Place Their Bets

In other news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president now owns 9,546 shares in the company, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the transaction, the executive vice president now owns 16,538 shares of the company’s stock, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

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.