Gray Wealth Management Inc. Sells 124 Shares of RTX Co. (NYSE:RTX)

Gray Wealth Management Inc. trimmed its holdings in RTX Co. (NYSE:RTX) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,115 shares of the company’s stock after selling 124 shares during the period. Gray Wealth Management Inc.’s holdings in RTX were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Bear Mountain Capital Inc. purchased a new stake in RTX during the 4th quarter valued at approximately $25,000. Strengthening Families & Communities LLC bought a new position in shares of RTX during the third quarter worth $28,000. Quarry LP purchased a new position in RTX during the first quarter valued at $28,000. Planned Solutions Inc. bought a new stake in RTX in the 4th quarter valued at $30,000. Finally, Financial Gravity Asset Management Inc. boosted its holdings in shares of RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now directly owns 49,894 shares in the company, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,785 shares of company stock valued at $3,448,188. Company insiders own 0.13% of the company’s stock.

RTX Trading Down 0.0 %

RTX stock traded down $0.04 during trading hours on Thursday, hitting $100.71. The company had a trading volume of 4,237,492 shares, compared to its average volume of 8,241,814. The firm has a market cap of $133.91 billion, a P/E ratio of 45.08, a P/E/G ratio of 1.84 and a beta of 0.88. The company has a 50-day moving average price of $94.13 and a two-hundred day moving average price of $86.13. RTX Co. has a 1 year low of $68.56 and a 1 year high of $104.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. During the same quarter in the prior year, the firm earned $1.27 earnings per share. RTX’s revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is 105.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RTX. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 target price on shares of RTX in a research report on Monday, April 1st. Robert W. Baird upped their price objective on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. UBS Group raised their target price on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Barclays increased their price objective on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $78.00 to $100.00 in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.44.

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.