Wealth Preservation Advisors LLC Makes New Investment in RTX Corporation $RTX

Wealth Preservation Advisors LLC purchased a new position in RTX Corporation (NYSE:RTX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,865 shares of the company’s stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTX. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the first quarter worth $26,000. 10Elms LLP purchased a new position in RTX during the fourth quarter valued at $29,000. Greenline Partners LLC purchased a new position in RTX during the fourth quarter valued at $34,000. Summit Securities Group LLC purchased a new position in RTX during the first quarter valued at $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in RTX during the fourth quarter valued at $43,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RTX has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Morgan Stanley increased their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.67.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated 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 sale, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This represents a 31.76% 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 the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the 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 sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,589 shares of company stock valued at $7,126,389. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $159.66 on Wednesday. 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 fifty day moving average of $151.38 and a two-hundred day moving average of $137.81. The stock has a market capitalization of $213.71 billion, a PE ratio of 35.09, a P/E/G ratio of 2.88 and a beta of 0.69. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $159.70.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the prior year, the business earned $1.41 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX’s dividend payout ratio is presently 59.78%.

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.