Capital Advisory Group Advisory Services LLC Sells 191 Shares of RTX Corporation $RTX

Capital Advisory Group Advisory Services LLC lowered its position in RTX Corporation (NYSE:RTX) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,281 shares of the company’s stock after selling 191 shares during the quarter. RTX accounts for about 1.5% of Capital Advisory Group Advisory Services LLC’s holdings, making the stock its 12th largest position. Capital Advisory Group Advisory Services LLC’s holdings in RTX were worth $4,276,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of RTX. Nuveen LLC bought a new stake in shares of RTX in the 1st quarter worth approximately $916,739,000. GAMMA Investing LLC lifted its position in shares of RTX by 14,838.5% in the 1st quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company’s stock worth $551,460,000 after acquiring an additional 4,135,349 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after acquiring an additional 1,394,918 shares during the period. Vanguard Group Inc. lifted its position in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in shares of RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after acquiring an additional 1,117,506 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.2%

NYSE RTX opened at $158.24 on Thursday. The stock has a fifty day moving average of $155.40 and a 200-day moving average of $141.16. The stock has a market capitalization of $211.81 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. RTX’s dividend payout ratio (DPR) is 59.78%.

Insider Buying and Selling

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Morgan Stanley raised their target price on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Bank of America raised their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Barclays raised their target price on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Cowen restated a “buy” rating on shares of RTX in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

About RTX

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.