LaFleur & Godfrey LLC Has $15.86 Million Position in RTX Co. (NYSE:RTX)

LaFleur & Godfrey LLC grew its holdings in RTX Co. (NYSE:RTX) by 16.3% in the fourth quarter, Holdings Channel reports. The firm owned 188,479 shares of the company’s stock after buying an additional 26,436 shares during the quarter. RTX accounts for about 2.4% of LaFleur & Godfrey LLC’s portfolio, making the stock its 10th biggest position. LaFleur & Godfrey LLC’s holdings in RTX were worth $15,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Strengthening Families & Communities LLC purchased a new position in shares of RTX in the third quarter valued at about $28,000. Quarry LP bought a new stake in RTX during the first quarter worth approximately $28,000. Planned Solutions Inc. bought a new stake in RTX during the fourth quarter worth approximately $30,000. Financial Gravity Asset Management Inc. grew its stake in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. grew its stake in shares of RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after buying an additional 127 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now owns 56,707 shares in the company, valued at $5,252,769.41. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock valued at $3,448,188 over the last ninety days. Insiders own 0.13% of the company’s stock.

RTX Stock Up 0.4 %

Shares of RTX stock traded up $0.38 during trading on Thursday, hitting $97.83. 2,115,055 shares of the stock were exchanged, compared to its average volume of 7,979,193. The stock has a market cap of $130.08 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87. The firm’s 50-day moving average price is $91.16 and its 200 day moving average price is $83.42. RTX Co. has a 12-month low of $68.56 and a 12-month high of $104.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $19.74 billion. During the same period in the previous year, the company earned $1.27 earnings per share. RTX’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts forecast that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.41%. RTX’s dividend payout ratio (DPR) is presently 105.36%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research reports. Robert W. Baird reiterated a “neutral” rating and issued a $94.00 price target (up previously from $88.00) on shares of RTX in a report on Tuesday, January 16th. Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $78.00 to $100.00 in a report on Thursday, January 25th. Barclays increased their price objective on RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. TD Cowen upped their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. Finally, Royal Bank of Canada increased their price target on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $95.12.

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.