Vise Technologies Inc. bought a new stake in shares of RTX Corporation (NYSE:RTX – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 79,478 shares of the company’s stock, valued at approximately $14,755,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Evergreen Advisors LLC bought a new position in RTX in the first quarter worth about $31,000. Signature Resources Capital Management LLC lifted its position in RTX by 111.5% during the first quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock valued at $36,000 after acquiring an additional 97 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in RTX in the second quarter worth $36,000. Groupe la Francaise increased its position in shares of RTX by 50.9% during the second quarter. Groupe la Francaise now owns 261 shares of the company’s stock worth $45,000 after purchasing an additional 88 shares in the last quarter. Finally, Kilter Group LLC acquired a new position in shares of RTX during the second quarter worth $51,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at RTX
In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.
RTX Price Performance
Shares of RTX opened at $200.09 on Monday. The firm has a market capitalization of $270.01 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 2.23 and a beta of 0.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. RTX Corporation has a 1-year low of $166.74 and a 1-year high of $226.88. The company’s fifty day moving average price is $194.81 and its 200-day moving average price is $195.55.
RTX (NYSE:RTX – Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.70 EPS. On average, equities research analysts predict that RTX Corporation will post 7.67 EPS for the current year.
RTX Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be issued a $0.73 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio is currently 47.40%.
Wall Street Analyst Weigh In
RTX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded RTX from a “buy” rating to a “hold” rating and set a $208.00 target price on the stock. in a research note on Tuesday, October 13th. Sanford C. Bernstein lowered their price target on RTX from $223.00 to $214.00 and set a “market perform” rating for the company in a report on Thursday, October 15th. Wells Fargo & Company boosted their price target on RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. TD Cowen cut their price objective on shares of RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Jefferies Financial Group set a $250.00 price objective on shares of RTX and gave the company a “buy” rating in a report on Sunday, July 26th. One 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $231.24.
View Our Latest Analysis on RTX
Key Stories Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Defense-sector analysts expect an improving relationship between government agencies and contractors to reduce the risks associated with fixed-price development contracts, which have caused losses across the industry. Lower execution risk could support higher valuations for RTX and other major defense companies. Prediction: Defense Stocks Like Lockheed Martin, RTX, and Boeing Are Set to Soar
- Positive Sentiment: Continued U.S. defense spending, heightened geopolitical tensions involving Iran, and demand for aerospace and missile-defense systems are cited as long-term catalysts for RTX. These themes could improve investor expectations for defense contractors’ revenue visibility and backlog. Meghan Welch’s Bull Case in Defense & Aerospace as U.S.-Iran War Lingers
- Positive Sentiment: The proposed Golden Dome missile-defense network, reportedly starting at $185 billion and potentially reaching $1.2 trillion over 20 years including sustainment, could create substantial opportunities for major aerospace and defense suppliers such as RTX. The article does not identify RTX’s specific role or awarded contracts, so the benefit remains prospective. Golden Dome Is a $185 Billion Program, but Anduril Is Private. Here Are the 3 Public Companies Building It.
- Neutral Sentiment: Several articles concern NVIDIA’s GeForce RTX graphics cards, including RTX 5090 and RTX 5080 availability, gaming performance, and PC hardware deals. “RTX” in those headlines refers to NVIDIA’s product brand, not RTX Corporation, and therefore should not materially affect RTX shares.
About RTX
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.
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