South Plains Financial Inc. Increases Stock Holdings in RTX Corporation $RTX

South Plains Financial Inc. boosted its holdings in RTX Corporation (NYSE:RTX) by 41.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,970 shares of the company’s stock after purchasing an additional 2,054 shares during the quarter. South Plains Financial Inc.’s holdings in RTX were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. PFS Partners LLC increased its stake in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after acquiring an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in RTX in the second quarter valued at approximately $29,000. Access Investment Management LLC acquired a new position in RTX during the second quarter worth approximately $31,000. BOK Financial Private Wealth Inc. raised its stake in RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares during the period. Finally, Summit Securities Group LLC purchased a new position in RTX during the first quarter worth approximately $40,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on RTX. Morgan Stanley set a $215.00 price objective on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Susquehanna upped their price target on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Bank of America lifted their price objective on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Sanford C. Bernstein increased their target price on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Finally, BNP Paribas Exane initiated coverage on shares of RTX in a research report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.44.

RTX Stock Performance

RTX stock opened at $169.62 on Monday. The firm has a market capitalization of $227.42 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The stock’s 50 day moving average price is $168.73 and its 200 day moving average price is $155.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the sale, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.15% of the company’s stock.

RTX Company Profile

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.