Bay Capital Advisors LLC Has $234,000 Stock Position in RTX Corporation $RTX

Bay Capital Advisors LLC decreased its stake in shares of RTX Corporation (NYSE:RTX) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,602 shares of the company’s stock after selling 90 shares during the quarter. Bay Capital Advisors LLC’s holdings in RTX were worth $234,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its stake in shares of RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock worth $4,591,000 after acquiring an additional 2,686 shares during the period. Brookwood Investment Group LLC bought a new position in shares of RTX during the 1st quarter worth approximately $1,288,000. LBP AM SA boosted its stake in shares of RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after acquiring an additional 41,990 shares during the period. Arizona State Retirement System boosted its stake in shares of RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after acquiring an additional 5,356 shares during the period. Finally, Redwood Financial Network Corp bought a new position in shares of RTX during the 1st quarter worth approximately $243,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.8%

Shares of RTX stock opened at $159.58 on Tuesday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $161.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market capitalization of $213.60 billion, a PE ratio of 35.07, a PEG ratio of 2.92 and a beta of 0.67. The stock has a fifty day simple moving average of $156.07 and a two-hundred day simple moving average of $141.92.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Susquehanna increased their price target on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Bank of America increased their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein raised their price target on RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Finally, Morgan Stanley raised their price target on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by company insiders.

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.