Fox Run Management L.L.C. Purchases Shares of 5,724 RTX Corporation $RTX

Fox Run Management L.L.C. acquired a new position in RTX Corporation (NYSE:RTX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,724 shares of the company’s stock, valued at approximately $836,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. PFS Partners LLC lifted its stake in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Access Investment Management LLC acquired a new stake in shares of RTX in the second quarter valued at about $31,000. Summit Securities Group LLC purchased a new stake in shares of RTX during the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new position in RTX in the 1st quarter worth approximately $44,000. Finally, Briaud Financial Planning Inc grew its position in RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,471 shares of company stock worth $6,210,875 in the last three months. 0.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Bank of America boosted their target price on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday, October 22nd. Citigroup boosted their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Morgan Stanley set a $215.00 price objective on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $178.47.

RTX Stock Performance

RTX stock opened at $177.01 on Monday. The stock’s 50 day simple moving average is $164.99 and its 200 day simple moving average is $151.59. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The firm has a market cap of $237.33 billion, a P/E ratio of 36.35, a P/E/G ratio of 2.79 and a beta of 0.64. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The company’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, equities research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be given 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 1.5%. RTX’s payout ratio is currently 55.85%.

RTX Company 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.