AdviceOne Advisory Services LLC Has $115.20 Million Stock Position in RTX Corporation $RTX

Key Points

• AdviceOne Advisory Services increased its RTX stake by 5.1% in the second quarter to 607,171 shares valued at approximately $115.2 million, representing 65.1% of the firm’s reported holdings. Institutional investors collectively own 86.5% of RTX.
• RTX reported quarterly EPS of $1.89 and revenue of $24.71 billion, beating estimates and marking 14.5% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus with an average price target of $228.59.
• Raytheon secured a $745 million SM-3 missile-defense contract, while RTX also demonstrated a new autonomous undersea vehicle technology. The company declared a quarterly dividend of $0.73 per share, equivalent to a 1.3% annual yield.

AdviceOne Advisory Services LLC raised its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 607,171 shares of the company's stock after buying an additional 29,221 shares during the quarter. RTX comprises approximately 65.1% of AdviceOne Advisory Services LLC's holdings, making the stock its largest position. AdviceOne Advisory Services LLC's holdings in RTX were worth $115,199,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. World Investment Advisors raised its holdings in RTX by 8.7% during the 4th quarter. World Investment Advisors now owns 62,448 shares of the company's stock valued at $11,453,000 after buying an additional 5,020 shares during the period. 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 buying an additional 7,738 shares during the period. New Age Alpha Advisors LLC purchased a new position in RTX during the fourth quarter worth $2,308,000. Truist Financial Corp increased its position in 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 acquiring an additional 53,045 shares during the last quarter. Finally, Wealth Science Advisors LLC bought a new position in RTX during the fourth quarter valued at $1,439,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon awarded a $745 million SM-3 contract: RTX’s Raytheon business received a Missile Defense Agency contract to produce and sustain Standard Missile-3 Block IIA interceptors. The award provides additional backlog and revenue visibility while reinforcing RTX’s position in U.S. and allied ballistic-missile defense. RTX's Raytheon awarded $745 million contract for SM-3 IIA interceptors
• Positive Sentiment: New unmanned undersea vehicle demonstrated: Raytheon and Composite Energy Technologies successfully demonstrated undersea launch capabilities for HADALUS, a low-cost, long-endurance autonomous unmanned undersea vehicle. The technology could expand RTX’s exposure to emerging maritime surveillance and defense applications, although the near-term financial impact is not yet quantified. RTX's Raytheon and Composite Energy Technology successfully demonstrate new unmanned undersea vehicle

Insider Buying and Selling at RTX

In related news, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the sale, the vice president directly owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,567 shares of company stock valued at $3,304,375 over the last quarter. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RTX shares. Wells Fargo & Company raised their target price on shares of RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Susquehanna upped their price target on shares of RTX from $235.00 to $245.00 and gave the company a "positive" rating in a report on Friday, July 24th. Argus set a $245.00 price objective on shares of RTX in a research report on Thursday, July 30th. Weiss Ratings raised shares of RTX from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada boosted their target price on RTX from $230.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $228.59.

RTX Price Performance

RTX stock opened at $223.46 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The stock has a market cap of $301.17 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 2.66 and a beta of 0.29. The firm has a 50-day moving average of $196.38 and a two-hundred day moving average of $194.12. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same period last year, the company posted $1.56 earnings per share. The company's quarterly revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, research analysts forecast that RTX Corporation will post 7.21 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio is currently 51.41%.

RTX Company Profile

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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source