Security National Bank of Sioux City Iowa IA Sells 554 Shares of RTX Corporation $RTX

Security National Bank of Sioux City Iowa IA trimmed its position in RTX Corporation (NYSE:RTX) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,083 shares of the company’s stock after selling 554 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in RTX were worth $1,601,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in RTX in the first quarter worth about $26,000. 10Elms LLP purchased a new position in RTX during the 4th quarter valued at about $29,000. Summit Securities Group LLC bought a new stake in shares of RTX in the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX in the 1st quarter worth approximately $44,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of RTX during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RTX shares. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group lifted their price target on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Bank of America upped their price objective on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Citigroup raised their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.67.

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Down 1.5%

RTX stock opened at $151.84 on Wednesday. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $161.26. The business has a fifty day moving average price of $153.99 and a 200-day moving average price of $140.05. 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 stock has a market capitalization of $203.24 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.84 and a beta of 0.67.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating 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 company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the prior year, the company posted $1.41 EPS. The firm’s quarterly revenue 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 fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were paid a dividend of $0.68 per share. The ex-dividend date was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.8%. RTX’s dividend payout ratio is presently 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.