Blue Barn Wealth LLC Buys New Shares in RTX Corporation $RTX

Blue Barn Wealth LLC bought a new stake in RTX Corporation (NYSE:RTX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,466 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Advisory LLC increased its position in shares of RTX by 0.9% in the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after acquiring an additional 64 shares during the period. Briaud Financial Planning Inc increased its position in shares of RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares during the period. Gries Financial LLC increased its position in shares of RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after acquiring an additional 69 shares during the period. M3 Advisory Group LLC grew its position in RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after purchasing an additional 69 shares during the period. Finally, Aurdan Capital Management LLC grew its position in RTX by 2.3% during the 2nd quarter. Aurdan Capital Management LLC now owns 3,012 shares of the company’s stock worth $440,000 after purchasing an additional 69 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird set a $203.00 price target on RTX in a research report on Wednesday, October 22nd. Bank of America increased their price target on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. The Goldman Sachs Group increased their price target on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Susquehanna increased their price target on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.47.

Insider Activity at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,471 shares of company stock valued at $6,210,875. 0.15% of the stock is owned by corporate insiders.

RTX Price Performance

NYSE:RTX opened at $175.67 on Wednesday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $235.53 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. The stock’s 50-day moving average price is $164.05 and its 200-day moving average price is $150.42.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same period last year, the firm earned $1.45 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is currently 55.85%.

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.