Fortis Capital Advisors LLC Buys New Shares in RTX Corporation $RTX

Fortis Capital Advisors LLC acquired a new stake in RTX Corporation (NYSE:RTX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,138 shares of the company’s stock, valued at approximately $945,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. MorganRosel Wealth Management LLC acquired a new position in shares of RTX in the 1st quarter valued at approximately $26,000. 10Elms LLP acquired a new position in shares of RTX during the 4th quarter valued at $29,000. Summit Securities Group LLC acquired a new position in RTX during the first quarter worth $40,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of RTX in the fourth quarter valued at about $43,000. Finally, McClarren Financial Advisors Inc. bought a new position in RTX during the first quarter valued at about $44,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by insiders.

RTX Stock Performance

Shares of RTX stock opened at $151.84 on Wednesday. The business has a 50-day simple moving average of $153.99 and a 200-day simple moving average of $140.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The company has a market cap of $203.24 billion, a PE ratio of 33.37, a P/E/G ratio of 2.84 and a beta of 0.67. RTX Corporation has a one year low of $112.27 and a one year high of $161.26.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the company earned $1.41 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. 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 fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were issued a $0.68 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.8%. RTX’s payout ratio is 59.78%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Bank of America boosted 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. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Susquehanna lifted their target price on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.67.

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.