Fox Hill Wealth Management Purchases 110 Shares of RTX Corporation $RTX

Fox Hill Wealth Management raised its position in RTX Corporation (NYSE:RTX) by 1.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,829 shares of the company’s stock after buying an additional 110 shares during the quarter. Fox Hill Wealth Management’s holdings in RTX were worth $1,435,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bay Capital Advisors LLC bought a new position in RTX in the 1st quarter valued at about $224,000. Dynamic Advisor Solutions LLC increased its holdings in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock valued at $4,591,000 after buying an additional 2,686 shares during the period. Brookwood Investment Group LLC bought a new position in RTX in the 1st quarter valued at about $1,288,000. LBP AM SA increased its holdings in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after buying an additional 41,990 shares during the period. Finally, Arizona State Retirement System increased its holdings in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after buying an additional 5,356 shares during the period. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RTX shares. Citigroup lifted their price target on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Cowen reaffirmed a “buy” rating on shares of RTX in a report on Friday, May 23rd. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Morgan Stanley lifted their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, UBS Group lifted their price target on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock worth $8,947,010. Company insiders own 0.15% of the company’s stock.

RTX Stock Down 1.1%

NYSE:RTX opened at $155.90 on Friday. The firm’s 50 day simple moving average is $154.64 and its 200 day simple moving average is $140.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a one year low of $112.27 and a one year high of $161.26. The company has a market cap of $208.68 billion, a PE ratio of 34.26, a P/E/G ratio of 2.91 and a beta of 0.67.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the company earned $1.41 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were given a $0.68 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX’s payout ratio is 59.78%.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.