HF Advisory Group LLC Acquires 2,452 Shares of RTX Corporation $RTX

HF Advisory Group LLC boosted its holdings in RTX Corporation (NYSE:RTX) by 15.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,312 shares of the company’s stock after acquiring an additional 2,452 shares during the quarter. RTX accounts for about 1.1% of HF Advisory Group LLC’s investment portfolio, making the stock its 29th biggest position. HF Advisory Group LLC’s holdings in RTX were worth $2,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC acquired a new position in RTX in the first quarter valued at about $26,000. 10Elms LLP acquired a new position in RTX in the fourth quarter valued at about $29,000. Summit Securities Group LLC acquired a new position in shares of RTX during the first quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the first quarter worth approximately $44,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of RTX during the fourth quarter worth approximately $45,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.1%

Shares of NYSE:RTX opened at $158.21 on Friday. 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. The company has a market capitalization of $211.77 billion, a PE ratio of 34.77, a PEG ratio of 2.92 and a beta of 0.67. The company has a 50 day moving average price of $155.64 and a two-hundred day moving average price of $141.33.

RTX (NYSE:RTX) last issued 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the firm earned $1.41 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts forecast 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 was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. RTX’s dividend payout ratio is presently 59.78%.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the 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 completion of the sale, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the 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 sale, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 over the last three months. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RTX shares. The Goldman Sachs Group upped their target price on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Barclays upped their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Susquehanna upped their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Three 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.87.

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.