Silverlake Wealth Management LLC purchased a new position in shares of RTX Corporation (NYSE:RTX – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,063 shares of the company’s stock, valued at approximately $581,000.
Other large investors also recently modified their holdings of the company. Alpha Cubed Investments LLC lifted its position in shares of RTX by 0.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after purchasing an additional 50 shares during the last quarter. Schulhoff & Co. Inc. increased its holdings in RTX by 1.7% in the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock valued at $585,000 after buying an additional 52 shares during the last quarter. Purus Wealth Management LLC increased its holdings in RTX by 0.4% in the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock valued at $2,700,000 after buying an additional 53 shares during the last quarter. Sunbeam Capital Management LLC raised its stake in RTX by 1.6% in the fourth quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company’s stock valued at $620,000 after buying an additional 53 shares in the last quarter. Finally, Sequent Planning LLC raised its stake in RTX by 1.6% in the fourth quarter. Sequent Planning LLC now owns 3,364 shares of the company’s stock valued at $617,000 after buying an additional 54 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.
RTX Stock Performance
NYSE RTX opened at $222.88 on Friday. The company has a fifty day moving average of $200.02 and a two-hundred day moving average of $194.86. The company has a market capitalization of $300.38 billion, a PE ratio of 39.24, a P/E/G ratio of 2.65 and a beta of 0.29. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88. 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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.3%. RTX’s payout ratio is 51.41%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $238.00 target price on shares of RTX in a research report on Monday, July 27th. Royal Bank Of Canada boosted their target price on RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Citigroup reaffirmed a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Finally, Wells Fargo & Company increased 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $228.59.
Check Out Our Latest Analysis on RTX
Insider Buying and Selling
In other news, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president directly owned 20,099 shares of the company’s stock, valued at $4,360,076.07. The trade was a 10.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 8,557 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the sale, the insider owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 15,567 shares of company stock valued at $3,304,375. 0.10% of the stock is owned by company insiders.
Key Stories Impacting RTX
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
About RTX
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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