Dynamic Advisor Solutions LLC Has $4.15 Million Stock Holdings in RTX Co. (NYSE:RTX)

Dynamic Advisor Solutions LLC reduced its holdings in shares of RTX Co. (NYSE:RTX) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,215 shares of the company’s stock after selling 2,323 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in RTX were worth $4,146,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RTX. Waterloo Capital L.P. bought a new position in RTX during the 4th quarter valued at $218,000. Regal Investment Advisors LLC increased its stake in RTX by 42.2% in the 4th quarter. Regal Investment Advisors LLC now owns 10,222 shares of the company’s stock valued at $860,000 after buying an additional 3,033 shares during the last quarter. Symmetry Investments LP bought a new position in shares of RTX during the 4th quarter worth approximately $552,000. Icon Wealth Advisors LLC purchased a new position in shares of RTX in the 4th quarter worth approximately $887,000. Finally, Vista Investment Management increased its position in shares of RTX by 13.0% during the fourth quarter. Vista Investment Management now owns 14,826 shares of the company’s stock valued at $1,247,000 after acquiring an additional 1,704 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Down 1.3 %

Shares of RTX stock opened at $123.48 on Wednesday. The company has a 50 day simple moving average of $119.45 and a two-hundred day simple moving average of $109.00. 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 $164.26 billion, a PE ratio of 48.42, a PEG ratio of 2.20 and a beta of 0.82. RTX Co. has a 1 year low of $71.82 and a 1 year high of $125.93.

RTX (NYSE:RTX) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. Analysts expect that RTX Co. will post 5.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RTX shares. TD Cowen upped their price objective on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. The Goldman Sachs Group upped their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. 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 research note on Wednesday, July 24th. Finally, Robert W. Baird lifted their target price on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $161.13.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock worth $20,861,880 over the last ninety days. Insiders own 0.13% of the company’s stock.

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.