RB Capital Management LLC Sells 248 Shares of RTX Co. (NYSE:RTX)

RB Capital Management LLC decreased its holdings in RTX Co. (NYSE:RTX) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,259 shares of the company’s stock after selling 248 shares during the period. RB Capital Management LLC’s holdings in RTX were worth $695,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RTX. Bear Mountain Capital Inc. acquired a new stake in shares of RTX in the 4th quarter worth about $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of RTX in the 3rd quarter worth about $28,000. Planned Solutions Inc. acquired a new stake in shares of RTX in the 4th quarter worth about $30,000. Financial Gravity Asset Management Inc. grew its position in RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after purchasing an additional 345 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in RTX by 37.4% in the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Christopher T. Calio sold 367 shares of the 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 transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,547 shares of company stock valued at $12,553,645. 0.13% of the stock is currently owned by company insiders.

RTX Stock Performance

NYSE RTX traded down $0.30 during trading hours on Wednesday, hitting $101.22. 6,981,956 shares of the company’s stock traded hands, compared to its average volume of 8,041,163. The firm has a market capitalization of $134.57 billion, a P/E ratio of 39.81, a P/E/G ratio of 1.85 and a beta of 0.88. RTX Co. has a 52 week low of $68.56 and a 52 week high of $103.89. The business’s fifty day moving average price is $95.80 and its two-hundred day moving average price is $87.92. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter in the prior year, the firm earned $1.22 earnings per share. RTX’s revenue was up 12.1% on a year-over-year basis. Equities research analysts predict that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio is currently 92.55%.

Analyst Ratings Changes

A number of brokerages have issued reports on RTX. TD Cowen upped their price objective on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Robert W. Baird upped their price objective on shares of RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Bank of America upped their price objective on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 target price on shares of RTX in a research report on Monday, April 1st. Finally, Susquehanna raised their price objective on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, RTX has an average rating of “Hold” and an average target price of $96.93.

RTX Company 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.