Legal & General Group Plc Has $861.12 Million Stake in RTX Co. (NYSE:RTX)

Legal & General Group Plc lifted its stake in shares of RTX Co. (NYSE:RTX) by 4.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,577,770 shares of the company’s stock after acquiring an additional 362,340 shares during the period. Legal & General Group Plc owned 0.64% of RTX worth $861,122,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Gryphon Financial Partners LLC acquired a new position in RTX during the 4th quarter worth approximately $474,000. TD Asset Management Inc increased its holdings in shares of RTX by 5.7% during the fourth quarter. TD Asset Management Inc now owns 561,621 shares of the company’s stock valued at $47,255,000 after acquiring an additional 30,354 shares in the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of RTX in the 4th quarter worth $1,910,000. Legacy Advisors LLC acquired a new stake in RTX in the 4th quarter valued at $217,000. Finally, Weiss Asset Management LP bought a new stake in RTX during the 4th quarter valued at $416,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX opened at $120.32 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The firm has a market cap of $160.05 billion, a PE ratio of 47.18, a PEG ratio of 2.11 and a beta of 0.82. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70. The stock’s fifty day moving average price is $117.22 and its two-hundred day moving average price is $107.09.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $19.29 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that RTX Co. will post 5.45 EPS for the current year.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 6,734 shares of the business’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 owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Amy L. Johnson sold 6,734 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was 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 in the company, valued at $1,402,773.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 value of $773,597.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent research reports. TD Cowen boosted their target price on shares of RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Melius Research raised their target price on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, Robert W. Baird raised their price objective on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $157.31.

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.