RTX Corporation $RTX Shares Newly Acquired by MMA Asset Management LLC

MMA Asset Management LLC bought a new position in RTX Corporation (NYSE:RTX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,022 shares of the company’s stock, valued at approximately $561,000.

Other institutional investors have also made changes to their positions in the company. Evergreen Advisors LLC acquired a new stake in shares of RTX during the first quarter valued at approximately $31,000. Signature Resources Capital Management LLC boosted its stake in RTX by 111.5% in the 1st quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock worth $36,000 after purchasing an additional 97 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in RTX in the 2nd quarter worth approximately $36,000. Next Level Wealth Planning LLC acquired a new position in RTX in the 3rd quarter worth approximately $41,000. Finally, Groupe la Francaise grew its position in RTX by 50.9% during the 2nd 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. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE RTX opened at $191.97 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. The firm has a market capitalization of $259.05 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.30. The company has a 50 day simple moving average of $193.91 and a 200-day simple moving average of $195.56. RTX Corporation has a 52-week low of $166.74 and a 52-week high of $226.88.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating 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 firm had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that RTX Corporation will post 7.68 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.73 per share. 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 (DPR) is 47.40%.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president directly 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 legal filing with the SEC, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 9,071 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $201.70, for a total value of $1,829,620.70. Following the sale, the executive vice president owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. This represents a 34.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a phase-one DARPA contract to develop optical signal processing technology aimed at helping military operators detect and respond to threats faster. It adds to RTX’s defense technology pipeline, though the initial award is an early-stage contract. Article: RTX’s Raytheon wins DARPA contract
• Positive Sentiment: A commentary pointed to longer-term demand for RTX’s Patriot systems, radars, and interceptors, alongside manufacturing investments to expand capacity. It cited a $340 billion backlog and raised full-year free-cash-flow guidance of $9 billion to $9.2 billion; these support the outlook but depend on execution and are not new orders announced today. Article: America’s Military Rebuild Starts With a Manufacturing Problem
• Negative Sentiment: The election outcome has put a major defense-spending proposal in doubt, raising concern that budget delays or reduced spending could constrain future contract growth for defense contractors, including RTX. Article: Defense Stocks Sank as Democrats Took Congress

Analysts Set New Price Targets

Several analysts have issued reports on RTX shares. Weiss Ratings raised shares of RTX from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. increased their target price on RTX from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Royal Bank Of Canada decreased their target price on RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th. Finally, Citigroup reissued a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $231.24.

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.