MRA Advisory Group Buys New Holdings in RTX Corporation $RTX

MRA Advisory Group purchased a new stake in shares of RTX Corporation (NYSE:RTX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,644 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC purchased a new position in RTX during the 1st quarter valued at approximately $26,000. 10Elms LLP purchased a new position in RTX during the 4th quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new position in RTX during the 1st quarter valued at approximately $40,000. Mpwm Advisory Solutions LLC purchased a new position in RTX during the 4th quarter valued at approximately $43,000. Finally, McClarren Financial Advisors Inc. purchased a new position in RTX during the 1st quarter valued at approximately $44,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX opened at $155.90 on Monday. The business has a fifty day moving average of $154.64 and a 200 day moving average of $140.74. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $161.26. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market cap of $208.68 billion, a P/E ratio of 34.26, a PEG ratio of 2.87 and a beta of 0.67.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the previous year, the business earned $1.41 EPS. RTX’s 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. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX’s dividend payout ratio is presently 59.78%.

Analysts Set New Price Targets

Several research firms have weighed in on RTX. JPMorgan Chase & Co. raised their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. UBS Group lifted their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Wall Street Zen cut RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Activity

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction dated 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 sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,635 shares of company stock valued at $8,947,010. Company insiders own 0.15% of the company’s stock.

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.