Nations Financial Group Inc. IA ADV Boosts Holdings in RTX Corporation $RTX

Key Points

• Nations Financial Group Inc. increased its holdings in RTX Corporation by 228.4%, acquiring an additional 15,837 shares, bringing their total to 22,772 shares worth $3,016,000.
• Insider sales included EVP Ramsaran Maharajh selling 1,462 shares at an average price of $152.26, and Troy D. Brunk selling 7,654 shares at $155.20, reducing their positions significantly.
• RTX Corporation recently declared a quarterly dividend of $0.68 per share, resulting in an annualized dividend of $2.72 and a yield of 1.8%, with a payout ratio of 59.78%.

Nations Financial Group Inc. IA ADV grew its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 228.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,772 shares of the company's stock after buying an additional 15,837 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in RTX were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new position in RTX in the 1st quarter worth $26,000. 10Elms LLP bought a new position in RTX in the 4th quarter worth $29,000. Greenline Partners LLC bought a new position in RTX in the 4th quarter worth $34,000. Mpwm Advisory Solutions LLC purchased a new stake in RTX in the 4th quarter worth $43,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in RTX in the 1st quarter worth $44,000. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RTX shares. JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group increased their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Wednesday, May 14th. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a research note on Friday, April 25th. Finally, Sanford C. Bernstein set a $154.00 price objective on RTX and gave the company a "market perform" rating in a research report on Friday, July 11th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $158.67.

RTX Trading Up 2.0%

Shares of NYSE:RTX traded up $3.1190 during trading on Wednesday, reaching $156.7790. The company's stock had a trading volume of 2,102,541 shares, compared to its average volume of 5,266,960. 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 $158.79. The firm's 50 day simple moving average is $150.14 and its two-hundred day simple moving average is $136.83. The stock has a market capitalization of $209.85 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 payout ratio is 59.78%.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm's 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 completion of the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,589 shares of company stock valued at $7,126,389 over the last quarter. 0.15% of the stock is owned by insiders.

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.