U.S. Capital Wealth Advisors LLC Boosts Stock Position in RTX Corporation $RTX

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in RTX Corporation by 5.3%, now holding 196,912 shares worth approximately $28.75 million.
• Multiple large investors have entered or expanded their positions in RTX, with 86.50% of the stock now owned by institutional investors.
• RTX announced a quarterly dividend of $0.68 per share, translating to an annualized dividend of $2.72 and a yield of 1.7%.

U.S. Capital Wealth Advisors LLC grew its position in RTX Corporation (NYSE:RTX - Free Report) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,912 shares of the company's stock after buying an additional 9,849 shares during the quarter. RTX accounts for 0.8% of U.S. Capital Wealth Advisors LLC's holdings, making the stock its 18th largest holding. U.S. Capital Wealth Advisors LLC's holdings in RTX were worth $28,753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rooted Wealth Advisors Inc. acquired a new stake in RTX in the second quarter valued at approximately $203,000. Lewis Asset Management LLC increased its holdings in shares of RTX by 97.7% in the 2nd quarter. Lewis Asset Management LLC now owns 6,317 shares of the company's stock valued at $922,000 after acquiring an additional 3,122 shares during the last quarter. Whitener Capital Management Inc. lifted its stake in RTX by 0.6% during the second quarter. Whitener Capital Management Inc. now owns 17,613 shares of the company's stock worth $2,572,000 after purchasing an additional 98 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in shares of RTX by 35.7% in the 2nd quarter. Sowell Financial Services LLC now owns 21,255 shares of the company's stock valued at $3,104,000 after buying an additional 5,590 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its position in shares of RTX by 4.1% during the second quarter. Physician Wealth Advisors Inc. now owns 2,347 shares of the company's stock worth $343,000 after purchasing an additional 93 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.8%

NYSE RTX traded up $1.34 during mid-day trading on Monday, reaching $159.58. 3,294,972 shares of the stock were exchanged, compared to its average volume of 3,943,100. The business's fifty day simple moving average is $156.07 and its 200 day simple moving average is $141.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock has a market capitalization of $213.60 billion, a PE ratio of 35.07, a PEG ratio of 2.92 and a beta of 0.67. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $161.26.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. RTX's dividend payout ratio (DPR) is 59.78%.

Insiders Place Their Bets

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RTX has been the topic of several analyst reports. Morgan Stanley lifted their target price on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein raised their target price on shares of RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 10th. 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 note on Wednesday, July 23rd. Susquehanna raised their price objective on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.87.

About RTX

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.