Kingstone Capital Partners Texas LLC purchased a new position in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 130,361 shares of the company's stock, valued at approximately $19,035,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in RTX. Nuveen LLC purchased a new position in shares of RTX in the first quarter worth about $916,739,000. GAMMA Investing LLC grew its stake in shares of RTX by 14,838.5% during the 1st 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. boosted its stake in shares of RTX by 28.0% during the 1st 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 last quarter. Vanguard Group Inc. raised its holdings in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after buying an additional 1,357,328 shares during the period. Finally, 1832 Asset Management L.P. grew its position in shares of RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock worth $160,588,000 after buying an additional 1,117,506 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.
Insider Buying and Selling
In related news, insider Shane G. Eddy sold 25,968 shares of the business's 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 filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 7,654 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% 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 worth $8,947,010 in the last 90 days. 0.15% of the stock is currently owned by company insiders.
RTX Trading Down 0.2%
Shares of NYSE RTX traded down $0.30 during trading on Tuesday, reaching $159.13. The company had a trading volume of 1,162,515 shares, compared to its average volume of 5,108,742. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $161.40. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company's fifty day moving average price is $156.07 and its 200-day moving average price is $141.92. The stock has a market cap of $213.00 billion, a P/E ratio of 34.97, a PEG ratio of 2.92 and a beta of 0.67.
RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion during 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 company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.
RTX Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were given a $0.68 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's payout ratio is presently 59.78%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on RTX shares. The Goldman Sachs Group lifted their price objective on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. UBS Group boosted their price target 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. Bank of America lifted 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. Barclays lifted their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Sanford C. Bernstein lifted their price target on RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 10th. Three equities research 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.87.
View Our Latest Stock Report on RTX
RTX Company Profile
(
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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