Security National Bank of Sioux City Iowa IA Sells 346 Shares of RTX Co. (NYSE:RTX)

Security National Bank of Sioux City Iowa IA trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 2.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,627 shares of the company’s stock after selling 346 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in RTX were worth $1,268,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in RTX. Briaud Financial Planning Inc boosted its position in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new stake in RTX during the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX in the 2nd quarter valued at about $32,000. Fairfield Financial Advisors LTD bought a new position in shares of RTX in the second quarter worth about $41,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of RTX during the first quarter worth approximately $42,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Susquehanna lifted their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Melius Research boosted their target price on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. The Goldman Sachs Group raised their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Robert W. Baird lifted their price objective on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Two equities research 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $157.31.

Insider Buying and Selling

In other news, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at $10,090,026. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at $10,090,026. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock worth $20,861,880 over the last ninety days. Company insiders own 0.13% of the company’s stock.

RTX Stock Up 0.0 %

Shares of NYSE:RTX opened at $120.38 on Friday. The company has a 50 day moving average price of $117.57 and a two-hundred day moving average price of $107.29. The company has a market capitalization of $160.05 billion, a PE ratio of 47.21, a PEG ratio of 2.11 and a beta of 0.82. RTX Co. has a 52 week low of $68.56 and a 52 week 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 issued its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter last year, the business posted $1.29 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Analysts forecast that RTX Co. will post 5.45 earnings per share for the current year.

RTX 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.