Alliance Wealth Advisors LLC UT Has $1.54 Million Holdings in RTX Corporation $RTX

Key Points

• Alliance Wealth Advisors LLC UT reduced its holdings in RTX Corporation by 38.3% in the first quarter, bringing its total ownership to 11,596 shares worth approximately $1.54 million.
• In recent analyst reports, multiple firms have increased their target prices for RTX shares, with Bank of America setting a new target of $175.00, while a consensus rating of "Moderate Buy" has been established.
• RTX declared a quarterly dividend of $0.68 per share, representing an annualized yield of 1.8%, with a payout ratio of 59.78%.

Alliance Wealth Advisors LLC UT lessened its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 38.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,596 shares of the company's stock after selling 7,184 shares during the period. Alliance Wealth Advisors LLC UT's holdings in RTX were worth $1,536,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Guardian Wealth Advisors LLC NC grew its position in shares of RTX by 1.7% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock worth $576,000 after acquiring an additional 82 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its position in RTX by 2.1% during the 1st 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 period. Weatherly Asset Management L. P. grew its stake in RTX by 0.4% during the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock worth $2,767,000 after buying an additional 82 shares during the last quarter. CLG LLC increased its position in RTX by 2.3% in the first quarter. CLG LLC now owns 3,686 shares of the company's stock worth $488,000 after buying an additional 83 shares during the period. Finally, Lcnb Corp increased its position in RTX by 1.2% in the first quarter. Lcnb Corp now owns 7,117 shares of the company's stock worth $943,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 target price on the stock in a research report on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and an average target price of $158.67.

Insider Activity at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares of the company's stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president 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. Insiders sold 47,589 shares of company stock valued at $7,126,389 over the last ninety days. Company insiders own 0.15% of the company's stock.

RTX Trading Up 2.0%

Shares of RTX stock traded up $3.1390 on Wednesday, reaching $156.7990. 2,102,541 shares of the company were exchanged, compared to its average volume of 5,266,960. The stock has a fifty day moving average price of $150.14 and a 200-day moving average price of $136.83. The firm has a market capitalization of $209.88 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $158.79.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.7%. RTX's dividend payout ratio (DPR) is presently 59.78%.

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.