EJMK Ventures LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,764 shares of the company’s stock, valued at approximately $524,000.
A number of other institutional investors have also recently added to or reduced their stakes in RTX. Navalign LLC acquired a new position in shares of RTX during the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of RTX during the 4th quarter valued at $26,000. Core Wealth Advisors LLC acquired a new stake in shares of RTX in the 4th quarter valued at $31,000. 1 North Wealth Services LLC lifted its stake in shares of RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares during the last quarter. Finally, Evergreen Advisors LLC bought a new stake in RTX in the first quarter worth $31,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.
RTX Stock Up 1.1%
RTX stock opened at $222.88 on Friday. The firm has a market cap of $300.38 billion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 2.65 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a fifty-two week low of $150.61 and a fifty-two week high of $226.88. The firm has a fifty day moving average price of $200.02 and a two-hundred day moving average price of $194.86.
RTX Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.3%. RTX’s dividend payout ratio is presently 51.41%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on RTX shares. Susquehanna raised their target price on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday, July 24th. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Wells Fargo & Company increased their price objective on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Royal Bank Of Canada upped their target price on RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.
RTX News Summary
Here are the key news stories impacting RTX this week:
- Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
- Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
- Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
- Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
- Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract
Insider Buying and Selling
In other RTX news, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares of the company’s stock, valued at $1,852,444.61. The trade was a 49.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,567 shares of company stock worth $3,304,375 in the last ninety days. Insiders own 0.10% of the company’s stock.
RTX Company Profile
RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.
RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.
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