9,521 Shares in RTX Corporation $RTX Acquired by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 9,521 shares of the company’s stock, valued at approximately $1,593,000.

Several other hedge funds also recently modified their holdings of the company. PFS Partners LLC lifted its holdings in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in RTX in the second quarter worth about $29,000. Access Investment Management LLC bought a new stake in RTX in the second quarter worth about $31,000. Clayton Financial Group LLC acquired a new stake in RTX in the 3rd quarter valued at about $36,000. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of RTX by 194.5% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 215 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RTX. BNP Paribas Exane started coverage on shares of RTX in a report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 target price on the stock. Morgan Stanley set a $215.00 price target on RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Bank of America raised their price objective on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $184.18.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the sale, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by company insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $185.15 on Monday. The company’s fifty day moving average is $176.15 and its two-hundred day moving average is $162.31. The company has a market cap of $248.25 billion, a P/E ratio of 38.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $188.00. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.RTX’s revenue was up 11.9% compared to the same quarter last year. 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. Equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were issued a $0.68 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio is currently 55.85%.

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.