ARS Wealth Advisors Group LLC Takes Position in RTX Corporation $RTX

Key Points

• ARS Wealth Advisors Group LLC has acquired a new stake in RTX Corporation, purchasing 26,838 shares valued at approximately $3.92 million.
• Insider trading includes the sale of 8,704 shares by VP Kevin G. Dasilva, reflecting a 22.49% decrease in their holdings.
• RTX reported quarterly earnings of $1.56 per share, exceeding analysts' expectations and showing a 9.4% year-over-year revenue increase.

ARS Wealth Advisors Group LLC acquired a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,838 shares of the company's stock, valued at approximately $3,919,000.

Several other hedge funds and other institutional investors have also modified their holdings of RTX. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX during the 1st quarter valued at about $26,000. 10Elms LLP purchased a new stake in shares of RTX during the 4th quarter valued at about $29,000. Summit Securities Group LLC purchased a new stake in RTX during the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. purchased a new stake in RTX during the 1st quarter worth approximately $44,000. Finally, Capital A Wealth Management LLC purchased a new stake in RTX during the 4th quarter worth approximately $45,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of NYSE RTX traded up $0.03 during midday trading on Friday, hitting $158.22. 7,081,960 shares of the company's stock were exchanged, compared to its average volume of 3,801,553. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock's 50 day moving average price is $155.86 and its 200-day moving average price is $141.53. The firm has a market cap of $211.78 billion, a P/E ratio of 26.29, a PEG ratio of 2.92 and a beta of 0.67. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $161.26.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly 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 during 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%.The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. RTX's dividend payout ratio (DPR) is currently 59.78%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RTX. UBS Group lifted their price objective on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein lifted their price objective on RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a report on Wednesday, September 10th. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, Bank of America raised their price objective on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 over the last 90 days. Corporate insiders own 0.15% of the company's stock.

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.