Investment Advisory Group LLC Has $327,000 Stock Holdings in RTX Co. (NYSE:RTX)

Investment Advisory Group LLC grew its position in RTX Co. (NYSE:RTX) by 24.2% during the 4th quarter, Holdings Channel reports. The firm owned 3,890 shares of the company’s stock after purchasing an additional 759 shares during the quarter. Investment Advisory Group LLC’s holdings in RTX were worth $327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. Quarry LP bought a new position in shares of RTX in the first quarter valued at about $28,000. Bear Mountain Capital Inc. bought a new stake in RTX during the 4th quarter worth about $25,000. Planned Solutions Inc. bought a new stake in RTX during the 4th quarter worth about $30,000. Strengthening Families & Communities LLC bought a new stake in RTX during the 3rd quarter worth about $28,000. Finally, Financial Gravity Asset Management Inc. raised its holdings in RTX by 352.0% during 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 during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on RTX shares. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. Barclays upped their price target on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. TD Cowen upped their price target on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 price target on shares of RTX in a research note on Monday, April 1st. Finally, Robert W. Baird upped their price target on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, RTX presently has an average rating of “Hold” and a consensus price target of $94.44.

RTX Stock Up 1.0 %

NYSE:RTX traded up $1.01 during trading hours on Tuesday, reaching $101.03. 2,580,542 shares of the stock were exchanged, compared to its average volume of 8,271,897. RTX Co. has a twelve month low of $68.56 and a twelve month high of $104.91. The stock has a market cap of $134.33 billion, a PE ratio of 44.65, a PEG ratio of 1.82 and a beta of 0.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. The firm has a 50 day moving average of $93.79 and a 200 day moving average of $85.82.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business had revenue of $19.93 billion for the quarter, compared to analysts’ expectations of $19.74 billion. During the same quarter in the prior year, the business earned $1.27 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts expect that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is presently 105.36%.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,785 shares of company stock worth $3,448,188. Company insiders own 0.13% of the company’s stock.

About RTX

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.