Lavaca Capital LLC Raises Stock Holdings in RTX Co. (NYSE:RTX)

Lavaca Capital LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,149 shares of the company’s stock after acquiring an additional 164 shares during the quarter. Lavaca Capital LLC’s holdings in RTX were worth $517,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Gryphon Financial Partners LLC bought a new position in RTX in the fourth quarter valued at about $474,000. TrinityPoint Wealth LLC lifted its stake in shares of RTX by 8.1% in the 4th quarter. TrinityPoint Wealth LLC now owns 37,374 shares of the company’s stock worth $3,145,000 after purchasing an additional 2,790 shares during the period. SageView Advisory Group LLC purchased a new position in shares of RTX in the fourth quarter worth approximately $1,485,000. TCW Group Inc. bought a new stake in RTX during the fourth quarter valued at approximately $1,912,000. Finally, Orion Portfolio Solutions LLC increased its holdings in RTX by 69.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 151,343 shares of the company’s stock valued at $12,991,000 after buying an additional 62,000 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock opened at $118.15 on Friday. The company has a market capitalization of $157.17 billion, a PE ratio of 46.33, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The company’s fifty day moving average price is $115.87 and its 200-day moving average price is $106.37. 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.

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

Insider Buying and Selling at RTX

In other news, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was 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 of the company’s stock, valued at approximately $66,725,966.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 in the last quarter. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target 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. Robert W. Baird boosted their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. Susquehanna lifted their price objective on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada increased their target price on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average target price of $157.31.

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.