Fox Hill Wealth Management Purchases 590 Shares of RTX Co. (NYSE:RTX)

Fox Hill Wealth Management lifted its holdings in RTX Co. (NYSE:RTX) by 11.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,574 shares of the company’s stock after buying an additional 590 shares during the quarter. Fox Hill Wealth Management’s holdings in RTX were worth $560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. Briaud Financial Planning Inc lifted its position in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new position in RTX in the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX during the 2nd quarter valued at about $32,000. Fairman Group LLC purchased a new stake in RTX in the 4th quarter valued at about $38,000. Finally, Beaird Harris Wealth Management LLC grew its stake in RTX by 42.2% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 139 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Stock Down 1.0 %

NYSE:RTX opened at $118.44 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. RTX Co. has a twelve month low of $68.56 and a twelve month high of $123.70. The company has a market cap of $157.55 billion, a PE ratio of 46.45, a P/E/G ratio of 2.08 and a beta of 0.82. The company’s 50 day moving average is $112.14 and its two-hundred day moving average is $104.42.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same period in the previous year, the company earned $1.29 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RTX. Bank of America raised RTX from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. The Goldman Sachs Group lifted their price objective on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a report on Tuesday, July 30th. Robert W. Baird boosted their price target on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $153.47.

Insiders Place Their Bets

In related news, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the sale, the vice president now directly owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Amy L. Johnson sold 6,734 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the sale, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,333 shares of company stock valued at $20,861,880. Company insiders own 0.13% of the company’s stock.

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.