2 weeks Ago By ABMN Staff
Mark Asset Management LP lifted its position in RTX Co. ( NYSE:RTX – Free Report ) by 22.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 109,692 shares of the company’s stock after purchasing an additional 20,358 shares during the quarter. RTX accounts for 1.1% of Mark Asset Management LP’s portfolio, making the stock its 20th largest position.
Mark Asset Management LP’s holdings in RTX were worth $11,012,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Briaud Financial Planning Inc grew its position in RTX by 64.
1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Lynx Investment Advisory acquired a new stake in shares of RTX during the 2nd quarter worth about $26,000.
Mizuho Securities Co. Ltd. bought a new position in RTX during the 2nd quarter valued at about $32,000.
Fairfield Financial Advisors LTD acquired a new position in RTX in the second quarter valued at about $41,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of RTX during the first quarter worth approximately $42,000. 86.
50% of the stock is owned by institutional investors. RTX Stock Performance Shares of RTX stock opened at $120.32 on Friday.
The stock’s fifty day simple moving average is $117.22 and its 200 day simple moving average is $107.09.
The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.
66. The company has a market capitalization of $160.05 billion, a PE ratio of 47.
18, a PEG ratio of 2.11 and a beta of 0.82.
RTX Co. has a 12 month low of $68.56 and a 12 month high of $123.
70. Analyst Upgrades and Downgrades RTX has been the subject of a number of recent analyst reports. Bank of America raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $110.
00 to $140.00 in a report on Wednesday, July 31st. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.
00 price target on the stock in a research note on Tuesday, July 30th. The Goldman Sachs Group upped their price objective on RTX from $94.00 to $104.
00 and gave the stock a “neutral” rating in a report on Monday, July 29th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th.
Finally, TD Cowen lifted their price objective on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.
Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Hold” and an average price target of $157.
31. Read Our Latest Stock Analysis on RTX Insider Activity at RTX In other RTX news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.
74, for a total value of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.
02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . In other news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction 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 owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website .
Also, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.
88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now directly owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.
84. The disclosure for this sale can be found here . In the last ninety days, insiders have sold 178,333 shares of company stock valued at $20,861,880.
0.13% of the stock is owned by corporate insiders. RTX Company Profile ( Free Report ) 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. See Also Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.
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