1,634 Shares in RTX Corporation $RTX Purchased by Avenir Corp

Key Points

• Avenir Corp recently acquired 1,634 shares of RTX Corporation, valued at approximately $216,000, establishing a new position during the first quarter.
• Insider sales included EVP Dantaya M. Williams offloading 16,922 shares at an average price of $137.62, resulting in a significant decrease in ownership.
• Several analysts have set new price targets for RTX, with Morgan Stanley raising its target to $180.00 and a consensus price target of $158.67 from multiple analysts.

Avenir Corp bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,634 shares of the company's stock, valued at approximately $216,000.

A number of other institutional investors have also recently bought and sold shares of the business. Apexium Financial LP increased its position in RTX by 2.2% during the first quarter. Apexium Financial LP now owns 3,629 shares of the company's stock worth $481,000 after buying an additional 78 shares during the last quarter. Guardian Wealth Advisors LLC NC increased its position in RTX by 1.7% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock worth $576,000 after buying an additional 82 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its position in shares of RTX by 2.1% in the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $505,000 after purchasing an additional 82 shares during the last quarter. Weatherly Asset Management L. P. grew its position in shares of RTX by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock valued at $2,767,000 after purchasing an additional 82 shares during the last quarter. Finally, CLG LLC grew its position in shares of RTX by 2.3% in the first quarter. CLG LLC now owns 3,686 shares of the company's stock valued at $488,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the transaction, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider owned 17,684 shares of the company's stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,589 shares of company stock worth $7,126,389 in the last ninety days. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RTX shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price target on RTX and gave the company a "market perform" rating in a research note on Friday, July 11th. Morgan Stanley boosted their price target on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Three 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.67.

RTX Stock Up 2.2%

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

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm 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 company earned $1.41 earnings per share. The company'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. Equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

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.

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