Fox Run Management L.L.C. Acquires New Shares in RTX Co. (NYSE:RTX)

Fox Run Management L.L.C. acquired a new position in shares of RTX Co. (NYSE:RTX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,605 shares of the company’s stock, valued at approximately $301,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AXQ Capital LP lifted its holdings in shares of RTX by 38.7% during the 4th quarter. AXQ Capital LP now owns 3,046 shares of the company’s stock valued at $352,000 after purchasing an additional 850 shares in the last quarter. Umpqua Bank acquired a new stake in RTX during the 4th quarter worth approximately $241,000. Sei Investments Co. lifted its stake in RTX by 1.8% in the fourth quarter. Sei Investments Co. now owns 655,088 shares of the company’s stock valued at $75,806,000 after buying an additional 11,764 shares in the last quarter. Plancorp LLC boosted its holdings in shares of RTX by 9.9% in the fourth quarter. Plancorp LLC now owns 4,835 shares of the company’s stock valued at $560,000 after buying an additional 434 shares during the period. Finally, Mizuho Securities USA LLC lifted its position in RTX by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 126,150 shares of the company’s stock valued at $14,598,000 after acquiring an additional 39,891 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $133.43 on Friday. RTX Co. has a 52 week low of $97.03 and a 52 week high of $136.17. The company has a market capitalization of $178.14 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.11 and a beta of 0.78. The company has a 50-day simple moving average of $128.38 and a 200 day simple moving average of $122.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Insider Activity at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares of the company’s stock, valued at $7,763,124.60. The trade was a 21.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock worth $10,309,302. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of several recent research reports. Royal Bank of Canada increased their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Robert W. Baird raised RTX from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Susquehanna increased their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, Citigroup raised RTX from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $166.40.

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.