1,686 Shares in RTX Corporation $RTX Purchased by Ashton Thomas Securities LLC

Key Points

• Ashton Thomas Securities LLC has acquired a new stake in RTX Corporation, purchasing 1,686 shares valued at approximately $223,000 in the first quarter.
• RTX reported a quarterly revenue of $21.58 billion, exceeding analysts' expectations, and posted an earnings per share (EPS) of $1.56, beating the consensus estimate by $0.11.
• The company announced a quarterly dividend of $0.68 per share, with the ex-dividend date set for August 15th, reflecting a dividend yield of 1.7%.

Ashton Thomas Securities LLC acquired a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,686 shares of the company's stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its position in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after purchasing an additional 159 shares in the last quarter. AXA S.A. raised its position in RTX by 63.1% in the 4th quarter. AXA S.A. now owns 14,366 shares of the company's stock valued at $1,662,000 after purchasing an additional 5,559 shares in the last quarter. Aptus Capital Advisors LLC raised its position in RTX by 123.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 43,253 shares of the company's stock valued at $5,005,000 after purchasing an additional 23,878 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in RTX by 6.5% in the 4th quarter. Benjamin Edwards Inc. now owns 86,067 shares of the company's stock valued at $9,964,000 after purchasing an additional 5,264 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on 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 completion of the transaction, the vice president directly owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last 90 days. Insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of RTX stock traded down $1.01 during midday trading on Friday, hitting $157.67. The company had a trading volume of 4,044,970 shares, compared to its average volume of 3,354,713. 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 company's 50 day simple moving average is $153.69 and its 200 day simple moving average is $139.55. The stock has a market cap of $211.04 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.92 and a beta of 0.67. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $161.26.

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

RTX Announces Dividend

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 dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX's payout ratio is currently 59.78%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Wednesday, May 14th. UBS Group raised their price target on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Bank of America raised their price target 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 assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $158.67.

RTX 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.