Twin Capital Management Inc. Buys 1,041 Shares of RTX Corporation $RTX

Twin Capital Management Inc. grew its stake in shares of RTX Corporation (NYSE:RTX) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,368 shares of the company’s stock after acquiring an additional 1,041 shares during the quarter. Twin Capital Management Inc.’s holdings in RTX were worth $4,142,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. PFS Partners LLC lifted its stake in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares in the last quarter. Access Investment Management LLC bought a new position in RTX in the 2nd quarter valued at approximately $31,000. Summit Securities Group LLC purchased a new stake in RTX during the 1st quarter valued at $40,000. Briaud Financial Planning Inc increased its holdings in shares of RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in shares of RTX in the second quarter worth $47,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RTX shares. Citigroup lifted their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Susquehanna boosted their price objective on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $178.47.

RTX Trading Down 0.8%

Shares of RTX stock opened at $174.17 on Thursday. The company’s fifty day simple moving average is $164.34 and its 200-day simple moving average is $150.59. The stock has a market capitalization of $233.52 billion, a PE ratio of 35.76, a P/E/G ratio of 2.79 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81.

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

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale is available in the SEC filing. Insiders have sold 38,471 shares of company stock valued at $6,210,875 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

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.