Sen. John Boozman Buys RTX Corporation (NYSE:RTX) Stock

Senator John Boozman (R-Arkansas) recently bought shares of RTX Corporation NYSE: RTX. In a filing disclosed on June 14th, the Senator disclosed that they had bought between $1,001 and $15,000 in RTX stock on May 30th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 6/11/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 6/11/2025.
• Sold $1,001 - $15,000 in shares of Fortune Brands Innovations NYSE: FBIN on 5/30/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 5/30/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 5/20/2025.
• Sold $1,001 - $15,000 in shares of NRG Energy NYSE: NRG on 5/20/2025.
• Sold $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 5/20/2025.
• Sold $1,001 - $15,000 in shares of DTE Energy NYSE: DTE on 5/20/2025.

RTX Trading Up 1.1%

Shares of NYSE:RTX traded up $1.69 during mid-day trading on Monday, hitting $153.19. The company had a trading volume of 1,334,428 shares, compared to its average volume of 5,257,822. The firm has a fifty day moving average price of $141.35 and a 200 day moving average price of $131.70. The company has a market capitalization of $204.65 billion, a PE ratio of 44.88, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a one year low of $102.62 and a one year high of $153.14.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. As a group, research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business 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 1.78%. RTX's dividend payout ratio is currently 79.77%.

Hedge Funds Weigh In On RTX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in RTX in the 1st quarter worth about $26,000. PFS Partners LLC lifted its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after buying an additional 89 shares in the last quarter. 10Elms LLP purchased a new position in shares of RTX during the 4th quarter valued at about $29,000. Fairway Wealth LLC purchased a new position in shares of RTX during the 4th quarter valued at about $31,000. Finally, Picton Mahoney Asset Management lifted its holdings in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RTX shares. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Wells Fargo & Company boosted their price target on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Susquehanna cut their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley upped their price objective on shares of RTX from $135.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, UBS Group upped their price objective on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $164.28.

Insider Buying and Selling

In other RTX news, 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 value of $2,328,805.64. Following the transaction, the executive vice president owned 16,538 shares of the company's stock, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president owned 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.

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