RTX Corporation $RTX Stock: Inscription Capital LLC Reduces Position

Inscription Capital LLC reduced its holdings in shares of RTX Corporation (NYSE:RTX) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,826 shares of the company’s stock after selling 3,657 shares during the period. Inscription Capital LLC’s holdings in RTX were worth $4,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Evergreen Advisors LLC acquired a new stake in RTX in the first quarter worth about $31,000. Signature Resources Capital Management LLC grew its stake in shares of RTX by 111.5% during the first quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock worth $36,000 after acquiring an additional 97 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of RTX during the second quarter valued at about $36,000. Next Level Wealth Planning LLC acquired a new position in shares of RTX during the third quarter valued at about $41,000. Finally, Groupe la Francaise increased its holdings in shares of RTX by 50.9% during the second quarter. Groupe la Francaise now owns 261 shares of the company’s stock valued at $45,000 after acquiring an additional 88 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RTX shares. Jefferies Financial Group set a $250.00 price objective on shares of RTX and gave the company a “buy” rating in a research report on Sunday, July 26th. Sanford C. Bernstein dropped their target price on shares of RTX from $223.00 to $214.00 and set a “market perform” rating on the stock in a research report on Thursday, October 15th. BNP Paribas Exane boosted their target price on shares of RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Wells Fargo & Company upped their price target on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada decreased their price target on shares of RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $231.24.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a phase-one DARPA contract to develop optical signal processing technology aimed at helping military operators detect and respond to threats faster. It adds to RTX’s defense technology pipeline, though the initial award is an early-stage contract. Article: RTX’s Raytheon wins DARPA contract
• Positive Sentiment: A commentary pointed to longer-term demand for RTX’s Patriot systems, radars, and interceptors, alongside manufacturing investments to expand capacity. It cited a $340 billion backlog and raised full-year free-cash-flow guidance of $9 billion to $9.2 billion; these support the outlook but depend on execution and are not new orders announced today. Article: America’s Military Rebuild Starts With a Manufacturing Problem
• Negative Sentiment: The election outcome has put a major defense-spending proposal in doubt, raising concern that budget delays or reduced spending could constrain future contract growth for defense contractors, including RTX. Article: Defense Stocks Sank as Democrats Took Congress

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the sale, the executive vice president owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. The trade was a 34.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX opened at $191.97 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The stock has a 50-day moving average of $193.91 and a two-hundred day moving average of $195.56. The stock has a market cap of $259.05 billion, a P/E ratio of 31.16, a P/E/G ratio of 2.21 and a beta of 0.30. RTX Corporation has a one year low of $166.74 and a one year high of $226.88.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 earnings per share. As a group, research analysts predict that RTX Corporation will post 7.68 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be given a $0.73 dividend. The ex-dividend date is Friday, November 20th. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. RTX’s dividend payout ratio is currently 47.40%.

About RTX

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.