CoreFirst Bank & Trust Purchases New Holdings in RTX Co. (NYSE:RTX)

CoreFirst Bank & Trust acquired a new position in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 6,174 shares of the company’s stock, valued at approximately $714,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RTX. Eagle Asset Management Inc. increased its position in RTX by 6.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company’s stock worth $7,846,000 after purchasing an additional 3,818 shares during the period. Larson Financial Group LLC boosted its stake in shares of RTX by 124.7% in the third quarter. Larson Financial Group LLC now owns 9,364 shares of the company’s stock valued at $1,134,000 after buying an additional 5,196 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in RTX by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 162,308 shares of the company’s stock worth $19,665,000 after acquiring an additional 13,800 shares during the period. Fisher Asset Management LLC raised its position in RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after acquiring an additional 852,183 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its holdings in RTX by 4.2% in the third quarter. Douglass Winthrop Advisors LLC now owns 6,277 shares of the company’s stock valued at $761,000 after acquiring an additional 255 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % 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 valued at $10,309,302. Insiders own 0.15% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $134.76 on Tuesday. RTX Co. has a 1 year low of $95.27 and a 1 year high of $135.74. The company’s 50 day simple moving average is $127.48 and its 200 day simple moving average is $122.66. The company has a market capitalization of $179.92 billion, a price-to-earnings ratio of 37.96, a PEG 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.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.87%. RTX’s payout ratio is currently 70.99%.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Bank of America lifted their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Robert W. Baird upgraded RTX from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada raised their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Four 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.