HF Advisory Group LLC Acquires 2,452 Shares of RTX Corporation $RTX

Key Points

• HF Advisory Group LLC increased its stake in RTX Corporation by 15.5%, now holding 18,312 shares valued at approximately $2.67 million, making it the firm's 29th largest holding.
• Recent analyst upgrades have set new price targets for RTX, with Barclays raising its target from $130 to $153, while Bank of America and JPMorgan Chase upgraded theirs to $175, showing widespread confidence in the stock's potential.
• RTX announced a quarterly dividend of $0.68 per share, translating to an annualized dividend of $2.72 and a dividend yield of 1.7%, indicating a solid return for investors.

HF Advisory Group LLC raised its holdings in RTX Corporation (NYSE:RTX - Free Report) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,312 shares of the company's stock after purchasing an additional 2,452 shares during the period. RTX makes up about 1.1% of HF Advisory Group LLC's portfolio, making the stock its 29th largest holding. HF Advisory Group LLC's holdings in RTX were worth $2,674,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RTX. Vanguard Group Inc. lifted its holdings in shares of RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock worth $1,371,171,000 after acquiring an additional 104,139 shares during the period. Invesco Ltd. lifted its holdings in shares of RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock worth $1,365,969,000 after acquiring an additional 154,544 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock worth $1,021,623,000 after acquiring an additional 65,493 shares during the period. Finally, Nuveen LLC bought a new stake in shares of RTX during the 1st quarter worth approximately $916,739,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent analyst reports. Sanford C. Bernstein upped their price target on shares of RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a report on Wednesday, September 10th. Citigroup upped their price target on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Cowen reaffirmed a "buy" rating on shares of RTX in a report on Friday, May 23rd. Susquehanna upped their price target on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.87.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 over the last 90 days. Insiders own 0.15% of the company's stock.

RTX Trading Up 0.0%

Shares of RTX traded up $0.03 during trading hours on Friday, hitting $158.22. 7,081,960 shares of the stock were exchanged, compared to its average volume of 3,801,553. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The business has a 50-day moving average of $155.86 and a 200-day moving average of $141.53. The firm has a market capitalization of $211.78 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67.

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

RTX Dividend Announcement

The business also recently announced 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 yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

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.