Elgethun Capital Management Raises Stock Holdings in RTX Co. (NYSE:RTX)

Elgethun Capital Management grew its stake in shares of RTX Co. (NYSE:RTX) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,633 shares of the company’s stock after purchasing an additional 296 shares during the quarter. Elgethun Capital Management’s holdings in RTX were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Morse Asset Management Inc purchased a new position in RTX during the third quarter valued at approximately $321,000. Quarry LP grew its stake in RTX by 197.9% in the third quarter. Quarry LP now owns 846 shares of the company’s stock valued at $103,000 after purchasing an additional 562 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in RTX in the third quarter worth about $4,956,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of RTX by 368.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 79,283 shares of the company’s stock valued at $9,606,000 after buying an additional 62,359 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its position in shares of RTX by 351.0% in the 3rd quarter. iA Global Asset Management Inc. now owns 21,740 shares of the company’s stock worth $2,634,000 after buying an additional 16,920 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 19,431 shares of RTX stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the sale, the executive vice president now owns 29,742 shares in the company, valued at $3,771,880.44. This trade represents a 39.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company’s stock.

RTX Trading Down 9.8 %

RTX stock opened at $117.43 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm has a market cap of $156.78 billion, a PE ratio of 33.08, a P/E/G ratio of 2.11 and a beta of 0.58. The stock’s 50 day simple moving average is $129.05 and its two-hundred day simple moving average is $123.42. RTX Co. has a 12 month low of $99.07 and a 12 month high of $136.17.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 2.15%. RTX’s dividend payout ratio is currently 70.99%.

Analyst Upgrades and Downgrades

RTX has been the topic of several analyst reports. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group raised RTX from a “neutral” rating to a “buy” rating in a research report on Monday, March 24th. Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Baird R W upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.40.

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.