Hudock Inc. Acquires Shares of 5,265 RTX Co. (NYSE:RTX)

Hudock Inc. bought a new stake in shares of RTX Co. (NYSE:RTX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 5,265 shares of the company’s stock, valued at approximately $529,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hohimer Wealth Management LLC raised its holdings in shares of RTX by 14.4% in the 2nd quarter. Hohimer Wealth Management LLC now owns 35,806 shares of the company’s stock valued at $3,595,000 after purchasing an additional 4,516 shares during the period. Nicholas Hoffman & Company LLC. raised its holdings in RTX by 2.0% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 16,171 shares of the company’s stock valued at $1,623,000 after buying an additional 319 shares during the last quarter. Pursue Wealth Partners LLC acquired a new position in shares of RTX in the 2nd quarter worth approximately $216,000. Belpointe Asset Management LLC boosted its position in shares of RTX by 109.1% during the 2nd quarter. Belpointe Asset Management LLC now owns 28,836 shares of the company’s stock worth $2,895,000 after purchasing an additional 15,047 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of RTX by 97.1% during the second quarter. Larson Financial Group LLC now owns 4,168 shares of the company’s stock worth $418,000 after acquiring an additional 2,053 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now directly owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of NYSE:RTX traded down $2.11 on Thursday, reaching $119.00. The company’s stock had a trading volume of 1,673,007 shares, compared to its average volume of 7,090,046. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The company has a 50-day simple moving average of $111.40 and a 200 day simple moving average of $103.93. RTX Co. has a 52-week low of $68.56 and a 52-week high of $123.70. The company has a market cap of $158.21 billion, a P/E ratio of 47.06, a PEG ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last announced its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same quarter last year, the firm posted $1.29 EPS. The business’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that RTX Co. will post 5.45 EPS for the current fiscal year.

Analysts Set New Price Targets

RTX has been the topic of several research reports. Royal Bank of Canada boosted their price target on shares of RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Robert W. Baird boosted their price target on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research report on Tuesday, July 30th. Finally, Susquehanna raised their target price on shares of RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $153.47.

RTX 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.