RTX Corporation $RTX Shares Acquired by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its RTX stake by 5.0% in the third quarter, adding 17,173 shares to hold 358,197 shares valued at about $66.5 million. Institutional investors own 86.5% of RTX shares.
• RTX reported quarterly EPS of $2.26, beating the $1.78 consensus, while revenue rose 11.1% year over year to $24.96 billion. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $231.24.
• RTX’s Raytheon unit won an initial DARPA contract for optical signal-processing technology. Separately, two RTX executives sold shares, and concerns about potential delays or cuts to defense spending pose a risk to future contract growth.

Kestra Advisory Services LLC lifted its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,197 shares of the company's stock after purchasing an additional 17,173 shares during the period. Kestra Advisory Services LLC's holdings in RTX were worth $66,499,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RTX. Fortress Financial Group LLC acquired a new stake in shares of RTX in the second quarter valued at approximately $358,000. Evergreen Advisors LLC acquired a new position in RTX during the first quarter worth $31,000. Signature Resources Capital Management LLC boosted its stake in RTX by 111.5% during the first quarter. Signature Resources Capital Management LLC now owns 184 shares of the company's stock worth $36,000 after buying an additional 97 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in RTX in the 2nd quarter valued at $36,000. Finally, Next Level Wealth Planning LLC purchased a new stake in RTX in the 3rd quarter valued at $41,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the completion of the sale, the executive vice president owned 16,930 shares of the company's stock, valued at $3,414,781. This trade represents a 34.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a phase-one DARPA contract to develop optical signal processing technology aimed at helping military operators detect and respond to threats faster. It adds to RTX’s defense technology pipeline, though the initial award is an early-stage contract. Article: RTX's Raytheon wins DARPA contract
• Positive Sentiment: A commentary pointed to longer-term demand for RTX’s Patriot systems, radars, and interceptors, alongside manufacturing investments to expand capacity. It cited a $340 billion backlog and raised full-year free-cash-flow guidance of $9 billion to $9.2 billion; these support the outlook but depend on execution and are not new orders announced today. Article: America’s Military Rebuild Starts With a Manufacturing Problem
• Negative Sentiment: The election outcome has put a major defense-spending proposal in doubt, raising concern that budget delays or reduced spending could constrain future contract growth for defense contractors, including RTX. Article: Defense Stocks Sank as Democrats Took Congress

Analyst Ratings Changes

A number of brokerages have issued reports on RTX. Royal Bank Of Canada cut their target price on RTX from $250.00 to $235.00 and set an "outperform" rating for the company in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft cut shares of RTX from a "buy" rating to a "hold" rating and set a $208.00 price target on the stock. in a research report on Tuesday, October 13th. Robert W. Baird set a $240.00 price objective on shares of RTX in a report on Friday, July 24th. Argus set a $245.00 price objective on shares of RTX and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, The Goldman Sachs Group raised their price objective on shares of RTX from $195.00 to $206.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $231.24.

RTX Stock Performance

NYSE RTX opened at $191.97 on Friday. The stock has a fifty day simple moving average of $193.91 and a 200-day simple moving average of $195.56. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The stock has a market cap of $259.05 billion, a PE ratio of 31.16, a P/E/G ratio of 2.21 and a beta of 0.30. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The firm had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same period in the previous year, the firm earned $1.70 EPS. RTX's revenue was up 11.1% on a year-over-year basis. Equities analysts anticipate that RTX Corporation will post 7.68 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.73 per share. The ex-dividend date is Friday, November 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX's dividend payout ratio (DPR) is currently 47.40%.

RTX Profile

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.

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