Abich Financial Wealth Management LLC Boosts Position in RTX Co. (NYSE:RTX)

Abich Financial Wealth Management LLC grew its holdings in RTX Co. (NYSE:RTX) by 482.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,060 shares of the company’s stock after acquiring an additional 2,535 shares during the period. RTX comprises 0.2% of Abich Financial Wealth Management LLC’s holdings, making the stock its 20th biggest position. Abich Financial Wealth Management LLC’s holdings in RTX were worth $307,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RTX. Briaud Financial Planning Inc boosted its position in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new stake in RTX during the second quarter valued at $26,000. Mizuho Securities Co. Ltd. purchased a new position in RTX in the second quarter valued at $32,000. Fairman Group LLC acquired a new position in shares of RTX in the fourth quarter worth about $38,000. Finally, Beaird Harris Wealth Management LLC boosted its stake in shares of RTX by 42.2% during 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. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the transaction, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now directly owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock worth $20,861,880 over the last three months. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RTX shares. Robert W. Baird upped their price target on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Susquehanna boosted their price target on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a report on Friday, July 26th. TD Cowen increased their price objective on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. The Goldman Sachs Group boosted their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and a consensus target price of $157.31.

RTX Stock Down 0.2 %

RTX stock opened at $120.05 on Wednesday. RTX Co. has a one year low of $68.56 and a one year high of $123.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market cap of $159.70 billion, a PE ratio of 47.08, a PEG ratio of 2.12 and a beta of 0.82. The firm’s 50 day moving average price is $116.57 and its 200-day moving average price is $106.90.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The firm had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same period last year, the company earned $1.29 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

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.