Hancock Whitney Corp Increases Stock Position in RTX Co. (NYSE:RTX)

Hancock Whitney Corp boosted its position in RTX Co. (NYSE:RTX) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,747 shares of the company’s stock after purchasing an additional 94 shares during the period. Hancock Whitney Corp’s holdings in RTX were worth $1,822,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Morse Asset Management Inc bought a new position in RTX in the 3rd quarter valued at $321,000. Tudor Financial Inc. purchased a new position in shares of RTX in the 3rd quarter worth about $797,000. World Investment Advisors LLC grew its position in RTX by 37.1% during the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company’s stock valued at $4,944,000 after buying an additional 11,033 shares during the period. Sfmg LLC increased its holdings in RTX by 4.7% during the third quarter. Sfmg LLC now owns 73,978 shares of the company’s stock worth $8,963,000 after buying an additional 3,306 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in RTX by 365.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 115,237 shares of the company’s stock worth $13,962,000 after acquiring an additional 90,499 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 over the last three months. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

RTX stock opened at $121.99 on Friday. The firm’s 50 day simple moving average is $128.28 and its 200 day simple moving average is $123.73. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17. The firm has a market capitalization of $162.87 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, February 21st. RTX’s dividend payout ratio (DPR) is 73.90%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Citigroup reduced their price objective on RTX from $153.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Susquehanna lowered their target price on RTX from $147.00 to $140.00 and set a “positive” rating on the stock in a research note on Wednesday. Morgan Stanley upgraded RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 price target for the company in a research note on Wednesday. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, RTX currently has an average rating of “Buy” and a consensus price target of $163.53.

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.