1,837 Shares in RTX Corporation $RTX Bought by Redwood Financial Network Corp

Key Points

• Redwood Financial Network Corp acquired 1,837 shares of RTX Corporation, valued at approximately $243,000, indicating growing institutional interest in the company.
• RTX reported a quarterly EPS of $1.56, surpassing expectations, with revenue of $21.58 billion—a 9.4% year-over-year increase.
• The company has announced a quarterly dividend of $0.68 with a yield of 1.7%, while insiders have sold approximately $8.95 million worth of shares recently.

Redwood Financial Network Corp bought a new position in RTX Corporation (NYSE:RTX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,837 shares of the company's stock, valued at approximately $243,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in RTX in the 1st quarter worth $26,000. 10Elms LLP purchased a new position in RTX in the 4th quarter worth $29,000. Greenline Partners LLC purchased a new position in RTX in the 4th quarter worth $34,000. Summit Securities Group LLC purchased a new position in RTX in the 1st quarter worth $40,000. Finally, McClarren Financial Advisors Inc. purchased a new position in RTX in the 1st quarter worth $44,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

Shares of RTX stock opened at $157.67 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $161.26. The business has a 50-day moving average price of $153.69 and a 200 day moving average price of $139.55. The firm has a market cap of $211.04 billion, a PE ratio of 34.65, a P/E/G ratio of 2.92 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating 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 analyst estimates of $20.68 billion. During the same quarter in the previous year, the business earned $1.41 EPS. RTX's revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 15th. RTX's payout ratio is presently 59.78%.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 in the last quarter. 0.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent research reports. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research note on Wednesday, May 14th. Morgan Stanley lifted their price objective on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. The Goldman Sachs Group lifted their price objective on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Finally, UBS Group lifted their price objective on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and an average target price of $158.67.

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.

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.