VIRGINIA RETIREMENT SYSTEMS ET Al Sells 233,300 Shares of RTX Corporation $RTX

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in shares of RTX Corporation (NYSE:RTX) by 50.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 230,100 shares of the company’s stock after selling 233,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in RTX were worth $38,503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PFS Partners LLC raised its stake 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 acquiring an additional 89 shares during the period. LFA Lugano Financial Advisors SA bought a new position in RTX during the 2nd quarter valued at about $29,000. Access Investment Management LLC purchased a new stake in RTX in the 2nd quarter worth about $31,000. Clayton Financial Group LLC bought a new stake in RTX in the third quarter worth about $36,000. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of RTX by 194.5% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 215 shares of the company’s stock valued at $36,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

RTX Stock Down 0.3%

NYSE:RTX opened at $183.93 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $188.00. The company has a 50-day moving average of $176.84 and a 200 day moving average of $162.89. The firm has a market cap of $246.61 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.44.

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

RTX Announces Dividend

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

Wall Street Analyst Weigh In

RTX has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Jefferies Financial Group reissued a “hold” rating and set a $190.00 target price on shares of RTX in a research note on Tuesday, November 25th. Robert W. Baird set a $203.00 price target on shares of RTX in a report on Wednesday, October 22nd. Susquehanna lifted their price objective on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Finally, Morgan Stanley set a $215.00 price objective on shares of RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Three equities research 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, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $184.18.

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.