McAdam LLC Has $650,000 Position in RTX Corporation $RTX

McAdam LLC lowered its position in RTX Corporation (NYSE:RTX) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,909 shares of the company’s stock after selling 87 shares during the quarter. McAdam LLC’s holdings in RTX were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after buying an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. increased its position in RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after purchasing an additional 104,139 shares during the period. Invesco Ltd. increased its position in RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock valued at $1,365,969,000 after purchasing an additional 154,544 shares during the period. Dimensional Fund Advisors LP increased its position in RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock valued at $1,021,623,000 after purchasing an additional 65,493 shares during the period. Finally, Nuveen Asset Management LLC increased its position in RTX by 0.5% during the 4th quarter. Nuveen Asset Management LLC now owns 6,947,301 shares of the company’s stock valued at $803,942,000 after purchasing an additional 35,794 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $154.88 on Thursday. The company has a market cap of $207.32 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 2.80 and a beta of 0.67. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $154.20 and a 200-day moving average of $140.15.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.8%. RTX’s dividend payout ratio (DPR) is 59.78%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group increased their target price on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Citigroup increased their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein increased their target price on shares of RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $158.87.

RTX Profile

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.