5,943 Shares in RTX Co. (NYSE:RTX) Bought by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. acquired a new stake in RTX Co. (NYSE:RTX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 5,943 shares of the company’s stock, valued at approximately $688,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new position in shares of RTX in the third quarter valued at approximately $138,000. Venturi Wealth Management LLC raised its position in RTX by 6.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,225 shares of the company’s stock valued at $270,000 after purchasing an additional 143 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of RTX by 31.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 8,112 shares of the company’s stock valued at $983,000 after buying an additional 1,937 shares during the last quarter. Fountainhead AM LLC acquired a new stake in shares of RTX in the third quarter valued at approximately $208,000. Finally, Keystone Financial Services boosted its position in RTX by 6.9% in the 3rd quarter. Keystone Financial Services now owns 3,599 shares of the company’s stock valued at $436,000 after buying an additional 232 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Down 0.3 %

NYSE RTX opened at $128.16 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $170.73 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a twelve month low of $89.44 and a twelve month high of $135.36. The business’s fifty day moving average is $124.54 and its 200 day moving average is $121.97.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RTX. Wells Fargo & Company boosted their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.40.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares of the company’s stock, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 in the last ninety days. 0.13% of the stock is owned by company insiders.

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.