Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 163 Shares of RTX Co. (NYSE:RTX)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its holdings in RTX Co. (NYSE:RTX) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,685 shares of the company’s stock after selling 163 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in RTX were worth $3,233,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RTX. Elgethun Capital Management lifted its position in RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after acquiring an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its position in RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after acquiring an additional 86 shares during the last quarter. Blackston Financial Advisory Group LLC lifted its position in RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after acquiring an additional 86 shares during the last quarter. Canal Capital Management LLC lifted its position in RTX by 2.1% during the third quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock valued at $515,000 after acquiring an additional 87 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC lifted its position in RTX by 0.6% during the second quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of a number of research analyst reports. Melius Research raised their price target on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Morgan Stanley increased their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna raised their price target on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $175.27.

RTX Stock Down 0.1 %

RTX traded down $0.17 during trading hours on Monday, hitting $124.99. 227,423 shares of the company’s stock were exchanged, compared to its average volume of 6,720,938. RTX Co. has a 12-month low of $77.76 and a 12-month high of $128.70. The firm has a 50 day moving average of $121.74 and a 200 day moving average of $111.42. The firm has a market cap of $166.36 billion, a P/E ratio of 35.76, a price-to-earnings-growth ratio of 2.17 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 0.62.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts predict that RTX Co. will post 5.57 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

Insider Buying and Selling at RTX

In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the 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 sale, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

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.