Jump Financial LLC Purchases 93,228 Shares of RTX Corporation $RTX

Key Points

• Jump Financial LLC raised its stake in RTX Corporation by 239.4% in the first quarter, owning 132,165 shares valued at approximately $17.5 million.
• Wall Street analysts have given RTX a consensus price target of $158.67, with several upgrades and ratings including a "buy" from Bank of America that raised the target to $175.00.
• RTX forecasted an annual EPS of 5.800-5.950 for FY 2025 and recently announced a quarterly dividend of $0.68 per share with a yield of 1.7%.

Jump Financial LLC increased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 239.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,165 shares of the company's stock after acquiring an additional 93,228 shares during the period. Jump Financial LLC's holdings in RTX were worth $17,507,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in RTX during the 1st quarter worth approximately $26,000. 10Elms LLP bought a new stake in RTX during the 4th quarter worth approximately $29,000. Greenline Partners LLC bought a new stake in RTX during the 4th quarter worth approximately $34,000. Summit Securities Group LLC bought a new stake in RTX during the 1st quarter worth approximately $40,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in RTX during the 4th quarter worth approximately $43,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 0.0%

Shares of RTX stock traded down $0.02 during trading hours on Monday, reaching $156.22. The company had a trading volume of 2,430,243 shares, compared to its average volume of 4,010,900. The company has a 50 day moving average of $151.16 and a 200 day moving average of $137.65. 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 firm has a market cap of $209.11 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 2.88 and a beta of 0.69. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $158.79.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX's dividend payout ratio is presently 59.78%.

Wall Street Analyst Weigh In

A number of research firms recently commented on RTX. Morgan Stanley increased their price target on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group upped 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. Benchmark raised 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. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Susquehanna upped their price objective on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Three investment 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's stock. According to MarketBeat.com, RTX has an average rating of "Moderate Buy" and an average target price of $158.67.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 owned 30,004 shares in the company, valued at approximately $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. In the last quarter, insiders sold 47,589 shares of company stock valued at $7,126,389. Company insiders own 0.15% of the company's stock.

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.