RTX Corporation $RTX Shares Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in RTX Corporation by 34.0%, acquiring an additional 14,535 shares, raising its total holdings to 57,289 shares worth $7,587,000.
• Insider Troy D. Brunk sold 7,654 shares of RTX at an average price of $155.20, reducing their ownership by 31.76%, while another insider, Philip J. Jasper, sold 12,847 shares at $157.82, decreasing their position by 42.08%.
• RTX reported earnings of $1.56 per share for the last quarter, beating estimates, and set FY 2025 guidance at 5.800-5.950 EPS, with a current market cap of approximately $208.68 billion.

Acadian Asset Management LLC raised its holdings in RTX Corporation (NYSE:RTX - Free Report) by 34.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,289 shares of the company's stock after purchasing an additional 14,535 shares during the quarter. Acadian Asset Management LLC's holdings in RTX were worth $7,587,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in RTX. Brighton Jones LLC increased its stake in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after acquiring an additional 159 shares during the period. ProShare Advisors LLC increased its stake in shares of RTX by 14.3% during the fourth quarter. ProShare Advisors LLC now owns 192,663 shares of the company's stock worth $22,295,000 after acquiring an additional 24,168 shares during the period. Snowden Capital Advisors LLC increased its stake in shares of RTX by 5.0% during the fourth quarter. Snowden Capital Advisors LLC now owns 54,288 shares of the company's stock worth $6,282,000 after acquiring an additional 2,605 shares during the period. Finally, Safeguard Investment Advisory Group LLC acquired a new position in shares of RTX during the fourth quarter worth about $204,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares of the company's stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX opened at $155.90 on Friday. 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 company has a market capitalization of $208.68 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.91 and a beta of 0.67. The company's 50 day simple moving average is $154.64 and its 200 day simple moving average is $140.58. 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 announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion for 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 company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter 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, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company 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 dividend yield of 1.7%. RTX's dividend payout ratio is presently 59.78%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup upped their target price on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group upped their target price on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. upped their target price on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research report on Monday, July 21st. Finally, Bank of America upped their price target on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

RTX 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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