GM Advisory Group LLC Boosts Stake in RTX Corporation $RTX

GM Advisory Group LLC grew its holdings in shares of RTX Corporation (NYSE:RTX) by 91.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,600 shares of the company’s stock after acquiring an additional 4,115 shares during the period. GM Advisory Group LLC’s holdings in RTX were worth $1,256,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. PFS Partners LLC grew its stake in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of RTX during the 2nd quarter valued at approximately $29,000. Access Investment Management LLC acquired a new stake in shares of RTX during the second quarter worth approximately $31,000. BOK Financial Private Wealth Inc. increased its stake in shares of RTX by 45.3% in the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after buying an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in RTX in the first quarter valued at $40,000. 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 firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RTX shares. Bank of America raised their price objective on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Jefferies Financial Group reaffirmed a “hold” rating and set a $190.00 target price on shares of RTX in a report on Tuesday. Finally, Susquehanna boosted their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.00.

RTX Trading Up 0.6%

NYSE:RTX opened at $173.23 on Friday. The firm has a market capitalization of $232.26 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.79 and a beta of 0.64. The business has a 50 day simple moving average of $169.90 and a 200 day simple moving average of $155.87. 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 Corporation has a 12-month low of $112.27 and a 12-month high of $181.31.

RTX (NYSE:RTX) last posted its earnings results 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 analysts’ expectations of $21.26 billion. During the same period last year, the business posted $1.45 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

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. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s payout ratio is presently 55.85%.

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.