RTX Corporation $RTX Shares Purchased by Southeast Asset Advisors LLC

Key Points

• Southeast Asset Advisors LLC increased its stake in RTX Corporation by 80.4%, acquiring an additional 2,487 shares, bringing their total holdings to 5,579 shares valued at approximately $739,000.
• Insider sales totaled 47,589 shares worth about $7.13 million in the last 90 days, indicating a significant decrease in insider ownership.
• RTX reported earnings per share (EPS) of $1.56 for the last quarter, exceeding analysts' expectations, with a revenue increase of 9.4% year-over-year.

Southeast Asset Advisors LLC boosted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 80.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,579 shares of the company's stock after buying an additional 2,487 shares during the period. Southeast Asset Advisors LLC's holdings in RTX were worth $739,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted 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 buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its stake in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after acquiring an additional 159 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in RTX during the 4th quarter worth approximately $374,000. Integrated Wealth Concepts LLC grew its stake in shares of RTX by 4.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 58,428 shares of the company's stock valued at $6,761,000 after purchasing an additional 2,334 shares during the last quarter. Finally, Voya Financial Advisors Inc. raised its stake in shares of RTX by 1.7% during the fourth quarter. Voya Financial Advisors Inc. now owns 5,954 shares of the company's stock worth $686,000 after purchasing an additional 102 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,589 shares of company stock worth $7,126,389. Company insiders own 0.15% of the company's stock.

RTX Price Performance

RTX stock traded up $0.41 during trading on Wednesday, hitting $159.98. The stock had a trading volume of 2,991,223 shares, compared to its average volume of 3,969,021. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $160.21. The company's 50 day moving average price is $151.38 and its two-hundred day moving average price is $137.81. The stock has a market cap of $214.14 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.94 and a beta of 0.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last released its earnings results 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 return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the business posted $1.41 earnings per share. The firm'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, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America upped their price objective on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley raised their price objective on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group boosted their target price on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Susquehanna raised their price target on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Finally, Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and an average price target of $158.67.

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.