11,866 Shares in RTX Co. (NYSE:RTX) Bought by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. purchased a new position in RTX Co. (NYSE:RTX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,866 shares of the company’s stock, valued at approximately $1,191,000.

A number of other hedge funds also recently modified their holdings of RTX. Briaud Financial Planning Inc increased its position in shares of RTX by 64.1% in 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 period. Lynx Investment Advisory bought a new position in RTX in the second quarter valued at about $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the second quarter valued at about $32,000. Fairman Group LLC bought a new position in RTX in the fourth quarter valued at about $38,000. Finally, Beaird Harris Wealth Management LLC grew its position in RTX by 42.2% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock valued at $39,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 2.7 %

Shares of RTX stock opened at $124.38 on Wednesday. The firm has a market cap of $165.36 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 2.12 and a beta of 0.82. The stock’s 50-day moving average is $118.30 and its 200 day moving average is $107.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a one year low of $68.56 and a one year high of $124.59.

RTX (NYSE:RTX) last announced 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 net margin of 3.12% and a return on equity of 11.37%. The company had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter last year, the firm posted $1.29 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Christopher T. Calio sold 4,235 shares of the company’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 sale, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,333 shares of company stock valued at $20,861,880. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RTX. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a research report on Tuesday, July 30th. Susquehanna lifted their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Melius Research boosted their price target on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Royal Bank of Canada boosted their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company reduced their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Two 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.