Kestra Investment Management LLC Acquires 2,569 Shares of RTX Corporation $RTX

Key Points

• Kestra Investment Management LLC increased its holdings in RTX Corporation by 29.4%, acquiring an additional 2,569 shares in the first quarter, bringing their total to 11,316 shares valued at approximately $1.5 million.
• Insider Shane G. Eddy sold 25,968 shares at an average price of $159.79, amounting to over $4.1 million, while RTX's executives have collectively sold a total of 56,635 shares worth nearly $9 million in recent months.
• RTX reported a strong financial performance with a 9.4% year-over-year revenue increase to $21.58 billion, alongside a positive earnings per share of $1.56, exceeding analyst expectations.

Kestra Investment Management LLC raised its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 29.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,316 shares of the company's stock after acquiring an additional 2,569 shares during the quarter. Kestra Investment Management LLC's holdings in RTX were worth $1,499,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RTX. Brighton Jones LLC boosted its position in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted 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 acquiring an additional 159 shares in the last quarter. Ethic Inc. lifted its position in RTX by 191.5% in the 4th quarter. Ethic Inc. now owns 34,773 shares of the company's stock valued at $4,024,000 after acquiring an additional 22,846 shares in the last quarter. Greenline Partners LLC bought a new position in RTX in the 4th quarter valued at about $34,000. Finally, Graham Capital Management L.P. increased its stake in RTX by 693.0% in the 4th quarter. Graham Capital Management L.P. now owns 18,231 shares of the company's stock valued at $2,110,000 after buying an additional 15,932 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

RTX stock opened at $157.67 on Monday. 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 12-month low of $112.27 and a 12-month high of $161.26. The firm's 50-day moving average price is $153.69 and its two-hundred day moving average price is $139.75. The stock has a market capitalization of $211.04 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.90 and a beta of 0.67.

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 the consensus estimate 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 analyst estimates of $20.68 billion. During the same quarter in the prior year, the company earned $1.41 EPS. The business's revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm 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. 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 presently 59.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RTX shares. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Barclays raised their price target on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Citigroup lifted their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, UBS Group lifted their target price on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $158.67.

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.

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