WBH Advisory Inc. Grows Stock Position in RTX Co. (NYSE:RTX)

WBH Advisory Inc. lifted its stake in shares of RTX Co. (NYSE:RTX) by 8.6% in the fourth quarter, HoldingsChannel reports. The fund owned 7,392 shares of the company’s stock after acquiring an additional 586 shares during the period. WBH Advisory Inc.’s holdings in RTX were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. J.W. Cole Advisors Inc. boosted its stake in RTX by 5.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 38,447 shares of the company’s stock worth $4,449,000 after purchasing an additional 1,826 shares during the period. MOKAN Wealth Management Inc. purchased a new stake in RTX during the 4th quarter valued at $694,000. Sheaff Brock Investment Advisors LLC raised its holdings in RTX by 3.1% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 3,886 shares of the company’s stock valued at $450,000 after buying an additional 118 shares during the period. Allworth Financial LP raised its holdings in RTX by 219.0% during the 4th quarter. Allworth Financial LP now owns 135,537 shares of the company’s stock valued at $16,858,000 after buying an additional 93,044 shares during the period. Finally, Principal Securities Inc. increased its stake in RTX by 27.5% in the fourth quarter. Principal Securities Inc. now owns 39,439 shares of the company’s stock worth $4,564,000 after purchasing an additional 8,513 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock opened at $122.68 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a market capitalization of $163.42 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.17 and a beta of 0.82. The business’s 50-day moving average is $120.92 and its two-hundred day moving average is $120.72. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. Analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.05%. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RTX. JPMorgan Chase & Co. increased their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America raised their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, UBS Group raised their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

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.