Strategies Wealth Advisors LLC Invests $311,000 in RTX Corporation $RTX

Key Points

• Strategies Wealth Advisors LLC made a new investment in RTX Corporation, acquiring 2,351 shares valued at approximately $311,000.
• RTX reported a quarterly earnings per share (EPS) of $1.56, surpassing consensus estimates and indicating a year-over-year revenue increase of 9.4%.
• The company announced a quarterly dividend of $0.68, translating to an annualized yield of 1.7%.

Strategies Wealth Advisors LLC bought a new position in RTX Corporation (NYSE:RTX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,351 shares of the company's stock, valued at approximately $311,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC raised its position 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 purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its position 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 purchasing an additional 159 shares during the period. Pinebridge Investments L.P. bought a new stake in RTX during the fourth quarter worth $374,000. MGO One Seven LLC grew its stake in RTX by 24.4% in the 4th quarter. MGO One Seven LLC now owns 27,159 shares of the company's stock valued at $3,143,000 after purchasing an additional 5,323 shares during the period. Finally, Coppell Advisory Solutions LLC grew its stake in RTX by 13.9% in the 4th quarter. Coppell Advisory Solutions LLC now owns 10,457 shares of the company's stock valued at $1,205,000 after purchasing an additional 1,280 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on RTX shares. The Goldman Sachs Group upped their price objective on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Sanford C. Bernstein set a $154.00 price target on RTX and gave the company a "market perform" rating in a research report on Friday, July 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Barclays upped their price target on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Morgan Stanley increased their price objective on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.67.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,589 shares of company stock worth $7,126,389. Corporate insiders own 0.15% of the company's stock.

RTX Price Performance

Shares of NYSE RTX traded down $0.02 during trading hours on Monday, reaching $156.22. 2,430,243 shares of the stock traded hands, compared to its average volume of 5,241,477. The company has a market capitalization of $209.11 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $158.79. The company's 50-day simple moving average is $150.96 and its two-hundred day simple moving average is $137.46.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) 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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period last year, the company earned $1.41 EPS. 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. Equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

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

RTX Company 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.