RTX Corporation $RTX Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its holdings in RTX Corporation (NYSE:RTX - Free Report) by 198.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,301 shares of the company's stock after purchasing an additional 12,842 shares during the quarter. Fulcrum Asset Management LLP's holdings in RTX were worth $3,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Entrust Financial LLC acquired a new position in RTX during the 3rd quarter worth approximately $124,000. Hohimer Wealth Management LLC boosted its holdings in RTX by 1.1% in the third quarter. Hohimer Wealth Management LLC now owns 5,590 shares of the company's stock worth $1,038,000 after acquiring an additional 61 shares in the last quarter. University of Texas Texas AM Investment Management Co. boosted its holdings in RTX by 58.9% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 693 shares of the company's stock worth $129,000 after acquiring an additional 257 shares in the last quarter. Almanack Investment Partners LLC. grew its stake in RTX by 2.3% in the third quarter. Almanack Investment Partners LLC. now owns 7,289 shares of the company's stock valued at $1,353,000 after acquiring an additional 161 shares during the period. Finally, M Holdings Securities Inc. acquired a new stake in RTX in the third quarter valued at approximately $2,565,000. Institutional investors own 86.50% of the company's stock.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is reportedly planning to increase Tomahawk and AMRAAM missile production as much as fourfold by 2030. If carried out, the expansion could help the company capture more defense demand, though the report describes a plan rather than completed production growth. Tomahawk and AMRAAM production report
• Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 rocket for the U.S. Army’s Joint Reduced Range Rocket program. The test demonstrated the system’s capabilities and may strengthen Raytheon’s position as the Army evaluates a replacement for its training rocket; it does not itself confirm a contract award. Raytheon JR3 flight test announcement

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RTX. DA Davidson upped their target price on RTX from $192.00 to $219.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. Barclays lifted their price target on shares of RTX from $223.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, October 21st. Royal Bank Of Canada decreased their price target on shares of RTX from $250.00 to $235.00 and set an "outperform" rating for the company in a research note on Thursday, October 15th. Rothschild & Co Redburn upped their price objective on shares of RTX from $180.00 to $215.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of RTX from a "buy (b)" rating to a "buy (a-)" rating in a research note on Thursday, October 22nd. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $231.24.

RTX Stock Performance

Shares of RTX opened at $196.35 on Tuesday. The firm has a market cap of $264.96 billion, a PE ratio of 31.87, a PEG ratio of 2.21 and a beta of 0.30. The stock's fifty day moving average price is $193.15 and its two-hundred day moving average price is $195.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. RTX Corporation has a 1 year low of $166.74 and a 1 year high of $226.88.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. On average, equities research analysts forecast that RTX Corporation will post 7.68 EPS for the current year.

RTX Dividend Announcement

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

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 9,071 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the sale, the executive vice president owned 16,930 shares in the company, valued at $3,414,781. This represents a 34.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by insiders.

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.

Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.

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