Wayfinding Financial LLC Purchases New Position in RTX Co. (NYSE:RTX)

Wayfinding Financial LLC acquired a new stake in RTX Co. (NYSE:RTX) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,024 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of RTX during the fourth quarter valued at about $31,000. Picton Mahoney Asset Management increased its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after acquiring an additional 265 shares during the period. Modus Advisors LLC bought a new stake in RTX during the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA bought a new stake in RTX during the 4th quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC increased its holdings in RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after acquiring an additional 279 shares during the period. 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 the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the transaction, the executive vice president now directly owns 29,742 shares of the company’s stock, valued at approximately $3,771,880.44. The trade was a 39.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is currently owned by company insiders.

RTX Stock Down 1.6 %

Shares of NYSE:RTX opened at $132.35 on Friday. 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 stock’s 50-day moving average price is $127.15 and its 200-day moving average price is $122.54. The stock has a market capitalization of $176.70 billion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. RTX Co. has a 12-month low of $94.19 and a 12-month high of $135.74.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping 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%. On average, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is 70.99%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped 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. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. UBS Group upgraded shares of 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 research report on Monday, February 24th. Finally, Bank of America increased their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.