RTX Corporation $RTX Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 10.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,612 shares of the company’s stock after selling 403 shares during the period. BLB&B Advisors LLC’s holdings in RTX were worth $527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PFS Partners LLC lifted its position in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares in the last quarter. Summit Securities Group LLC acquired a new position in RTX during the 1st quarter worth approximately $40,000. Briaud Financial Planning Inc lifted its position in RTX by 25.4% during the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in RTX during the 2nd quarter worth approximately $47,000. Finally, McClarren Financial Advisors Inc. acquired a new position in RTX during the 1st quarter worth approximately $44,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,318 shares of company stock valued at $8,238,388 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Morgan Stanley set a $215.00 price target on shares of RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. UBS Group raised their price target on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Bank of America raised their price target on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.47.

RTX Stock Up 0.4%

RTX stock opened at $177.15 on Friday. 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 1-year low of $112.27 and a 1-year high of $181.31. The firm has a fifty day moving average price of $162.87 and a two-hundred day moving average price of $149.12. The firm has a market cap of $237.52 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.79 and a beta of 0.66.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The firm’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. 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 paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio is presently 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.