RTX Corporation $RTX Shares Newly Acquired by TSG Advice Partners LLC

TSG Advice Partners LLC purchased a new position in shares of RTX Corporation (NYSE:RTX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,460 shares of the company’s stock, valued at approximately $657,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of RTX in the 2nd quarter valued at approximately $20,970,571,000. Bank of New York Mellon Corp acquired a new position in shares of RTX in the second quarter valued at approximately $1,456,256,000. Legal & General Group Plc acquired a new position in shares of RTX in the second quarter valued at approximately $1,267,256,000. Deutsche Bank AG purchased a new stake in shares of RTX during the second quarter worth approximately $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of RTX during the second quarter worth approximately $636,932,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $202.80 on Tuesday. The firm has a market capitalization of $273.67 billion, a P/E ratio of 32.92, a PEG ratio of 2.19 and a beta of 0.31. RTX Corporation has a one year low of $166.74 and a one year high of $226.88. The company’s fifty day moving average is $194.66 and its two-hundred day moving average is $195.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.11 billion. During the same period in the prior year, the company posted $1.70 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts forecast that RTX Corporation will post 7.67 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, November 20th. RTX’s payout ratio is presently 47.40%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon division is positioned to benefit from rising demand for Patriot air-defense equipment, GEM-T interceptors, LTAMDS radar, Coyote counter-drone interceptors and related support. Replenishment, system upgrades and expanded deployments could create multiyear orders. Why I’m Watching This Missile Defense Giant as America Rearms for Drone Warfare
• Positive Sentiment: Commentary from The Motley Fool argues that improving cooperation between defense contractors and the U.S. government could reduce the risks associated with fixed-price development contracts, supporting better profitability and potentially higher valuations for RTX. Prediction: Defense Stocks Like Lockheed Martin, RTX, and Boeing Are Set to Soar
• Positive Sentiment: RTX is highlighted as a sales-growth stock that may offer resilience amid market volatility, inflation and tighter financial conditions. Its diversified exposure to commercial aerospace through Collins Aerospace and Pratt & Whitney adds to the growth opportunity beyond defense. Invest in These 3 Sales Growth Stocks Amid AI-Led Market Volatility
• Neutral Sentiment: Wall Street analysts remain cautiously optimistic despite RTX’s strong performance relative to the broader market. Investors may therefore require continued order growth, deliveries, margin improvement and cash-flow generation to justify the stock’s premium valuation. Are Wall Street Analysts Bullish on RTX Corporation Stock?
• Negative Sentiment: RTX trades at a relatively elevated earnings multiple, making the shares sensitive to execution problems, aerospace program costs, supply-chain constraints and any slowdown in commercial aviation or defense orders.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RTX. Barclays increased their price target on RTX from $223.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Weiss Ratings upgraded shares of RTX from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, October 22nd. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. TD Cowen reduced their target price on shares of RTX from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Finally, Jefferies Financial Group set a $250.00 target price on shares of RTX and gave the company a “buy” rating in a report on Sunday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $231.24.

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.