AllGen Financial Advisors Inc. Sells 2,415 Shares of RTX Co. (NYSE:RTX)

AllGen Financial Advisors Inc. trimmed its holdings in RTX Co. (NYSE:RTX) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,555 shares of the company’s stock after selling 2,415 shares during the period. RTX comprises about 1.2% of AllGen Financial Advisors Inc.’s holdings, making the stock its 19th largest position. AllGen Financial Advisors Inc.’s holdings in RTX were worth $3,581,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RTX. Hennion & Walsh Asset Management Inc. lifted its stake in shares of RTX by 10.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 27,827 shares of the company’s stock valued at $2,714,000 after buying an additional 2,636 shares in the last quarter. Vicus Capital lifted its stake in shares of RTX by 153.7% in the first quarter. Vicus Capital now owns 6,307 shares of the company’s stock valued at $615,000 after buying an additional 3,821 shares in the last quarter. Cornerstone Wealth Group LLC bought a new position in shares of RTX in the first quarter valued at $246,000. SteelPeak Wealth LLC lifted its stake in shares of RTX by 8.5% in the first quarter. SteelPeak Wealth LLC now owns 5,103 shares of the company’s stock valued at $498,000 after buying an additional 400 shares in the last quarter. Finally, Chapin Davis Inc. lifted its stake in shares of RTX by 4.3% in the first quarter. Chapin Davis Inc. now owns 15,866 shares of the company’s stock valued at $1,547,000 after buying an additional 660 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

RTX opened at $125.16 on Friday. The company has a market capitalization of $166.40 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 2.21 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $121.74 and a 200-day moving average price of $111.35. RTX Co. has a twelve month low of $77.76 and a twelve month high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. Equities analysts expect that RTX Co. will post 5.5 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. RTX’s payout ratio is 98.82%.

Insider Transactions at RTX

In other news, Chairman Gregory Hayes sold 134,887 shares of the firm’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 directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Gregory Hayes sold 134,887 shares of the firm’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 directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 145,856 shares of company stock worth $17,131,253 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RTX shares. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Susquehanna increased their target price on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday. Morgan Stanley increased their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, UBS Group increased their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $168.56.

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.