Fairway Wealth LLC Acquires New Shares in RTX Co. (NYSE:RTX)

Fairway Wealth LLC bought a new stake in RTX Co. (NYSE:RTX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 269 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. lifted its position in shares of RTX by 10.7% during the 3rd quarter. Assetmark Inc. now owns 143,375 shares of the company’s stock valued at $17,371,000 after buying an additional 13,829 shares in the last quarter. Covestor Ltd lifted its holdings in RTX by 48.4% in the 3rd quarter. Covestor Ltd now owns 1,325 shares of the company’s stock worth $160,000 after purchasing an additional 432 shares in the last quarter. Baker Avenue Asset Management LP lifted its holdings in RTX by 49.2% in the 3rd quarter. Baker Avenue Asset Management LP now owns 9,280 shares of the company’s stock worth $1,124,000 after purchasing an additional 3,059 shares in the last quarter. Tyler Stone Wealth Management lifted its holdings in RTX by 118.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 5,743 shares of the company’s stock worth $696,000 after purchasing an additional 3,108 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in RTX in the 3rd quarter worth approximately $138,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $128.50 on Tuesday. The company has a market cap of $171.17 billion, a P/E ratio of 36.20, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The business’s 50 day moving average price is $124.29 and its 200-day moving average price is $121.90. RTX Co. has a fifty-two week low of $89.44 and a fifty-two week high of $135.36.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research analyst reports. Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Royal Bank of Canada boosted their price target on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. UBS Group raised RTX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $142.00 to $147.00 in a report on Monday, February 24th. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

Insider Buying and Selling at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 in the last quarter. 0.13% of the stock is owned by insiders.

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.