Calton & Associates Inc. bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,766 shares of the company's stock, valued at approximately $234,000.
Several other large investors also recently modified their holdings of the stock. Nuveen LLC bought a new stake in shares of RTX during the 1st quarter worth $916,739,000. GAMMA Investing LLC grew its stake in RTX by 14,838.5% during the first quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock worth $551,460,000 after purchasing an additional 4,135,349 shares during the period. Goldman Sachs Group Inc. grew its stake in RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after purchasing an additional 1,394,918 shares during the period. Vanguard Group Inc. grew its stake in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new stake in RTX during the fourth quarter worth approximately $138,585,000. 86.50% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have commented on RTX. The Goldman Sachs Group raised 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. Bank of America raised their price objective on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Susquehanna raised their price objective on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. UBS Group raised 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. Finally, Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research note on Monday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, RTX presently has an average rating of "Moderate Buy" and a consensus target price of $158.67.
Check Out Our Latest Research Report on RTX
Insider Activity at RTX
In related news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president owned 30,004 shares of the company's stock, valued at $4,686,624.80. This represents a 22.49% 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 worth $8,947,010 over the last three months. Corporate insiders own 0.15% of the company's stock.
RTX Price Performance
RTX stock traded down $1.01 during midday trading on Friday, hitting $157.67. 4,044,970 shares of the company's stock were exchanged, compared to its average volume of 3,354,713. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $161.26. The stock has a 50-day moving average price of $153.69 and a two-hundred day moving average price of $139.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The company has a market cap of $211.04 billion, a P/E ratio of 34.65, a PEG ratio of 2.92 and a beta of 0.67.
RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data 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. 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 analysts' expectations of $20.68 billion. During the same period in the prior year, the business earned $1.41 EPS. The company'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. On average, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.
RTX Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were issued a $0.68 dividend. 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 is presently 59.78%.
About RTX
(
Free Report)
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.
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