Thrivent Financial for Lutherans Boosts Stock Holdings in RTX Corporation $RTX

Thrivent Financial for Lutherans lifted its position in shares of RTX Corporation (NYSE:RTX) by 270.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,781 shares of the company’s stock after acquiring an additional 147,361 shares during the period. Thrivent Financial for Lutherans’ holdings in RTX were worth $29,464,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC lifted its position in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the period. Corient IA LLC purchased a new stake in RTX in the first quarter worth approximately $397,000. Summit Securities Group LLC bought a new stake in RTX in the 1st quarter worth approximately $40,000. Finally, Granite Harbor Advisors Inc. purchased a new stake in RTX during the 1st quarter valued at $235,000. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 1.9%

Shares of NYSE:RTX opened at $182.14 on Tuesday. The stock has a 50 day moving average of $172.18 and a 200 day moving average of $159.52. The company has a market cap of $244.20 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 2.83 and a beta of 0.44. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $182.28.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Insider Buying and Selling

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RTX. The Goldman Sachs Group raised their price target on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Bank of America raised their target price on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a report on Friday, October 31st. Finally, Citigroup initiated coverage on shares of RTX in a research report on Thursday. They set a “buy” rating and a $211.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.71.

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.