Godsey & Gibb Inc. Has $32.31 Million Position in RTX Corporation $RTX

Godsey & Gibb Inc. decreased its position in shares of RTX Corporation (NYSE:RTXFree Report) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,082 shares of the company’s stock after selling 6,990 shares during the quarter. RTX comprises 2.9% of Godsey & Gibb Inc.’s holdings, making the stock its 6th largest holding. Godsey & Gibb Inc.’s holdings in RTX were worth $32,308,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after acquiring an additional 159 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in RTX by 30.5% during the 1st quarter. Jones Financial Companies Lllp now owns 677,436 shares of the company’s stock valued at $89,350,000 after purchasing an additional 158,378 shares during the last quarter. HBW Advisory Services LLC increased its holdings in RTX by 114.2% during the 2nd quarter. HBW Advisory Services LLC now owns 4,257 shares of the company’s stock worth $622,000 after purchasing an additional 2,270 shares in the last quarter. Finally, Garde Capital Inc. lifted its holdings in shares of RTX by 19.8% in the second quarter. Garde Capital Inc. now owns 1,210 shares of the company’s stock valued at $177,000 after purchasing an additional 200 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

More RTX News

Here are the key news stories impacting RTX this week:

Insider Buying and Selling

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup started coverage on RTX in a report on Thursday, December 11th. They set a “buy” rating and a $211.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 target price on shares of RTX in a report on Tuesday, November 25th. UBS Group cut shares of RTX from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $202.00 to $199.00 in a research report on Monday, January 5th. Susquehanna lifted their price target on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, BNP Paribas upgraded RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $184.47.

View Our Latest Stock Report on RTX

RTX Trading Up 0.7%

NYSE:RTX opened at $188.40 on Monday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $196.70. The stock’s fifty day moving average price is $178.20 and its two-hundred day moving average price is $165.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The company has a market cap of $252.61 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.74 and a beta of 0.44.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same period in the previous year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 21st. RTX’s dividend payout ratio is 55.85%.

RTX Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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