RTX Corporation $RTX Shares Sold by GK Wealth Management LLC

GK Wealth Management LLC decreased its stake in shares of RTX Corporation (NYSE:RTX) by 23.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,778 shares of the company’s stock after selling 865 shares during the period. GK Wealth Management LLC’s holdings in RTX were worth $368,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bay Capital Advisors LLC acquired a new position in RTX during the 1st quarter valued at about $224,000. Dynamic Advisor Solutions LLC increased its stake in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock valued at $4,591,000 after buying an additional 2,686 shares during the period. Brookwood Investment Group LLC acquired a new position in RTX during the 1st quarter valued at about $1,288,000. LBP AM SA lifted its holdings in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after acquiring an additional 41,990 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after acquiring an additional 5,356 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $154.88 on Thursday. RTX Corporation has a one year low of $112.27 and a one year high of $161.26. The company has a 50-day moving average of $154.20 and a two-hundred day moving average of $140.15. The stock has a market cap of $207.32 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 2.80 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping 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 company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period last year, the company posted $1.41 earnings per share. The business’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 expect 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 issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 15th. RTX’s dividend payout ratio (DPR) is presently 59.78%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Susquehanna lifted their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein lifted their price objective on shares of RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Buying and Selling

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, the executive vice president 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. Company insiders own 0.15% of the company’s stock.

About RTX

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.