RTX Co. (NYSE:RTX) Shares Acquired by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL boosted its stake in RTX Co. (NYSE:RTX) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,314 shares of the company’s stock after acquiring an additional 135 shares during the period. RTX accounts for about 2.2% of Birmingham Capital Management Co. Inc. AL’s holdings, making the stock its 13th biggest position. Birmingham Capital Management Co. Inc. AL’s holdings in RTX were worth $5,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. Briaud Financial Planning Inc raised its stake in shares of RTX by 64.1% during 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 last quarter. Lynx Investment Advisory purchased a new position in RTX during the 2nd quarter worth $26,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX in the 2nd quarter worth $32,000. Fairman Group LLC purchased a new stake in shares of RTX in the fourth quarter valued at about $38,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of RTX by 42.2% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 139 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,166 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.96, for a total transaction of $938,763.36. Following the sale, the vice president now owns 45,208 shares in the company, valued at $5,197,111.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Kevin G. Dasilva sold 8,166 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the sale, the vice president now owns 45,208 shares in the company, valued at $5,197,111.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of the company’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 completion of the transaction, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock valued at $20,861,880 over the last 90 days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Royal Bank of Canada raised their target price on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Tuesday, July 30th. Finally, Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $157.31.

RTX Stock Performance

RTX stock opened at $124.38 on Wednesday. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $124.59. The company has a market capitalization 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 has a fifty day moving average of $118.30 and a two-hundred day moving average of $107.96. 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 posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, analysts anticipate that RTX Co. will post 5.45 EPS for the current fiscal 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.