Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,376 shares of the company's stock, valued at approximately $2,158,000.
Other institutional investors also recently modified their holdings of the company. Milestone Asset Management Group LLC boosted its stake in RTX by 34.7% during the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company's stock worth $5,504,000 after acquiring an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $2,308,000. Truist Financial Corp lifted its holdings in shares of RTX by 2.3% during the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company's stock valued at $424,575,000 after purchasing an additional 53,045 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of RTX by 5.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company's stock worth $39,054,000 after purchasing an additional 10,426 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of RTX by 206.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company's stock worth $32,711,000 after buying an additional 120,094 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at RTX
In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of the business's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $213.62, for a total value of $1,016,831.20. Following the sale, the vice president owned 22,349 shares of the company's stock, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by company insiders.
RTX Trading Down 0.3%
Shares of RTX stock opened at $209.22 on Tuesday. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm's 50 day moving average is $204.25 and its 200 day moving average is $195.53. The stock has a market capitalization of $281.97 billion, a P/E ratio of 36.83, a P/E/G ratio of 2.50 and a beta of 0.29.
RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts expect that RTX Corporation will post 7.22 earnings per share for the current year.
RTX Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio is 51.41%.
Analyst Ratings Changes
RTX has been the subject of a number of analyst reports. Jefferies Financial Group set a $250.00 price objective on RTX in a research report on Sunday, July 26th. TD Cowen increased their target price on RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Morgan Stanley restated an "overweight" rating and set a $240.00 price target on shares of RTX in a report on Friday, July 24th. Argus set a $245.00 price target on RTX in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $240.00 price objective on shares of RTX in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.
View Our Latest Report on RTX
RTX Profile
(
Free Report)
RTX NYSE: RTX is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.
RTX's operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.
Further Reading
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