RTX Corporation $RTX Shares Purchased by B&D White Capital Company LLC

Key Points

• B&D White Capital increased its RTX stake by 324% in the third quarter, adding 20,250 shares to reach 26,500 shares valued at about $4.92 million. Institutional investors collectively own 86.5% of the stock.
• RTX reported quarterly earnings of $2.26 per share, beating the $1.78 consensus estimate, while revenue rose 11.1% year over year to $24.96 billion.
• Analysts give RTX a “Moderate Buy” consensus rating and an average price target of $231.24. Two executive vice presidents also disclosed stock sales.

B&D White Capital Company LLC raised its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 324.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,500 shares of the company's stock after acquiring an additional 20,250 shares during the period. B&D White Capital Company LLC's holdings in RTX were worth $4,920,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MMA Asset Management LLC bought a new stake in shares of RTX in the third quarter valued at approximately $561,000. QTR Family Wealth LLC increased its position in RTX by 3.5% during the third quarter. QTR Family Wealth LLC now owns 3,401 shares of the company's stock worth $631,000 after acquiring an additional 114 shares during the period. Capstone Wealth Management LLC increased its position in RTX by 41.0% during the third quarter. Capstone Wealth Management LLC now owns 1,686 shares of the company's stock worth $313,000 after acquiring an additional 490 shares during the period. Quest 10 Wealth Builders Inc. raised its stake in RTX by 92.1% during the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 290 shares of the company's stock valued at $54,000 after purchasing an additional 139 shares during the last quarter. Finally, Wealth Dimensions Group Ltd. raised its stake in RTX by 23.0% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 2,676 shares of the company's stock valued at $497,000 after purchasing an additional 501 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at $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 available at this hyperlink. Also, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the transaction, the executive vice president owned 16,930 shares of the company's stock, valued at approximately $3,414,781. The trade was a 34.89% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RTX shares. BNP Paribas Exane boosted their price objective on shares of RTX from $220.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Argus set a $245.00 target price on RTX and gave the stock a "buy" rating in a research report on Thursday, July 30th. Jefferies Financial Group set a $250.00 target price on RTX and gave the stock a "buy" rating in a research report on Sunday, July 26th. Rothschild & Co Redburn boosted their price target on RTX from $180.00 to $215.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Finally, Barclays upped their price target on RTX from $223.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $231.24.

RTX Trading Down 3.3%

Shares of RTX opened at $191.97 on Friday. 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 PEG ratio of 2.21 and a beta of 0.30. RTX Corporation has a 1 year low of $166.74 and a 1 year high of $226.88. The stock has a 50 day simple moving average of $193.91 and a 200-day simple moving average of $195.56.

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

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. RTX's payout ratio is presently 47.40%.

RTX News Summary

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

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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