V Square Quantitative Management LLC Sells 327 Shares of RTX Co. (NYSE:RTX)

V Square Quantitative Management LLC lowered its holdings in shares of RTX Co. (NYSE:RTX) by 13.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,019 shares of the company’s stock after selling 327 shares during the period. V Square Quantitative Management LLC’s holdings in RTX were worth $203,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Lynx Investment Advisory acquired a new position in RTX during the second quarter valued at approximately $26,000. Tennessee Valley Asset Management Partners bought a new stake in shares of RTX in the fourth quarter worth $38,000. Fairman Group LLC acquired a new stake in RTX during the 4th quarter worth about $38,000. Beaird Harris Wealth Management LLC grew its holdings in RTX by 42.2% during the 4th 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. Finally, USA Financial Formulas grew its holdings in RTX by 510.3% during the 4th quarter. USA Financial Formulas now owns 476 shares of the company’s stock worth $40,000 after acquiring an additional 398 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 6,741 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other 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 transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at $10,090,026. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were 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. Insiders sold 178,333 shares of company stock valued at $20,861,880 over the last three months. Insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of RTX traded up $0.77 during mid-day trading on Wednesday, reaching $117.63. 3,795,667 shares of the stock traded hands, compared to its average volume of 7,316,698. The firm has a fifty day moving average price of $106.80 and a 200 day moving average price of $100.82. The company has a market cap of $156.48 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 2.05 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. RTX Co. has a 1 year low of $68.56 and a 1 year high of $118.30.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same period in the previous year, the firm posted $1.29 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts predict that RTX Co. will post 5.44 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio is presently 98.82%.

Analyst Ratings Changes

Several brokerages have recently commented on RTX. JPMorgan Chase & Co. raised their target price on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Citigroup lifted their target price on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. UBS Group lifted their target price on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. Finally, Barclays raised their price target on shares of RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $153.47.

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.