HF Advisory Group LLC Buys 2,720 Shares of RTX Corporation $RTX

HF Advisory Group LLC grew its stake in shares of RTX Corporation (NYSE:RTX) by 15.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 20,712 shares of the company’s stock after buying an additional 2,720 shares during the period. RTX accounts for 1.2% of HF Advisory Group LLC’s portfolio, making the stock its 22nd largest position. HF Advisory Group LLC’s holdings in RTX were worth $3,930,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Navalign LLC bought a new position in RTX in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX during the fourth quarter worth about $26,000. Evergreen Advisors LLC bought a new stake in RTX during the first quarter worth about $31,000. Core Wealth Advisors LLC purchased a new position in shares of RTX in the 4th quarter worth about $31,000. Finally, 1 North Wealth Services LLC increased its position in shares of RTX by 456.7% during the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense subsidiary, installed the first SPY-6(V)4 radar array at the U.S. Navy’s Wallops Island test site. The milestone begins testing for a program intended to modernize aging Flight IIA destroyers. Successful testing and subsequent fleet adoption could support RTX’s defense backlog and long-term revenue visibility. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Market coverage continues to characterize RTX as a strong momentum stock following its recent share-price performance. That sentiment may attract momentum-focused investors, though the stock’s elevated valuation means continued execution is important. What Makes RTX a Strong Momentum Stock

Analyst Ratings Changes

Several equities analysts recently commented on RTX shares. Jefferies Financial Group set a $250.00 target price on shares of RTX in a report on Sunday, July 26th. Sanford C. Bernstein increased their target price on RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Wells Fargo & Company lifted 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. Finally, Argus set a $245.00 price objective on RTX in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $228.59.

Insider Activity

In related news, VP Kevin G. Dasilva sold 4,760 shares of RTX stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the completion of the transaction, the vice president directly owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This trade represents a 17.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the sale, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. The trade was a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,567 shares of company stock valued at $3,304,375. 0.10% of the stock is owned by company insiders.

RTX Stock Down 0.1%

Shares of NYSE:RTX opened at $223.03 on Friday. The firm has a market capitalization of $300.59 billion, a P/E ratio of 39.27, a P/E/G ratio of 2.66 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The stock has a 50 day moving average price of $195.40 and a 200-day moving average price of $193.99. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $225.65.

RTX (NYSE:RTX) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities research analysts anticipate that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. RTX’s dividend payout ratio is currently 51.41%.

RTX Company Profile

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.