Mutual of America Capital Management LLC Sells 6,306 Shares of RTX Co. (NYSE:RTX)

Mutual of America Capital Management LLC cut its stake in RTX Co. (NYSE:RTX) by 3.6% in the second quarter, Holdings Channel.com reports. The firm owned 167,467 shares of the company’s stock after selling 6,306 shares during the period. Mutual of America Capital Management LLC’s holdings in RTX were worth $16,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of RTX. Gryphon Financial Partners LLC acquired a new stake in shares of RTX during the fourth quarter worth approximately $474,000. TrinityPoint Wealth LLC grew its holdings in shares of RTX by 8.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 37,374 shares of the company’s stock worth $3,145,000 after purchasing an additional 2,790 shares during the last quarter. Gladstone Institutional Advisory LLC increased its stake in shares of RTX by 14.6% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 24,810 shares of the company’s stock valued at $2,088,000 after buying an additional 3,157 shares in the last quarter. Assetmark Inc. raised its holdings in shares of RTX by 2.0% in the fourth quarter. Assetmark Inc. now owns 112,525 shares of the company’s stock valued at $9,468,000 after buying an additional 2,217 shares during the last quarter. Finally, Journey Strategic Wealth LLC bought a new position in shares of RTX in the fourth quarter valued at about $313,000. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RTX has been the subject of a number of research analyst reports. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. TD Cowen upped their price target on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company lowered their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada boosted their price objective on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $157.31.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other RTX news, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction 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 legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.96, for a total value of $938,763.36. Following the transaction, the vice president now owns 45,208 shares in the company, valued at approximately $5,197,111.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,333 shares of company stock worth $20,861,880. Company insiders own 0.13% of the company’s stock.

RTX Trading Down 0.4 %

Shares of RTX stock opened at $118.73 on Wednesday. RTX Co. has a 12-month low of $68.56 and a 12-month high of $123.70. The stock has a market cap of $157.94 billion, a P/E ratio of 46.56, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $114.49 and its 200-day moving average is $105.68.

RTX (NYSE:RTX) last posted 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. RTX had a return on equity of 11.37% and a net margin of 3.12%. 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 prior year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts predict that RTX Co. will post 5.45 earnings per share for the current fiscal year.

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.