Foundations Investment Advisors LLC Grows Stock Position in RTX Corporation $RTX

Foundations Investment Advisors LLC raised its holdings in RTX Corporation (NYSE:RTX) by 5.0% during the second quarter, Holdings Channel.com reports. The firm owned 105,814 shares of the company’s stock after purchasing an additional 5,028 shares during the period. Foundations Investment Advisors LLC’s holdings in RTX were worth $15,451,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RTX. Brookwood Investment Group LLC acquired a new stake in RTX during the 1st quarter worth approximately $1,288,000. Redwood Financial Network Corp purchased a new stake in RTX in the 1st quarter valued at approximately $243,000. Zuckerman Investment Group LLC increased its position in RTX by 54.1% during the 1st quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock worth $767,000 after purchasing an additional 2,033 shares during the period. Aigen Investment Management LP purchased a new position in shares of RTX during the 1st quarter worth approximately $581,000. Finally, MGO One Seven LLC lifted its holdings in shares of RTX by 10.2% in the 2nd quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock valued at $4,033,000 after buying an additional 2,554 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The SEC filing for this sale provides additional information. Insiders own 0.15% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $175.42 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The firm has a market capitalization of $235.20 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The company has a 50 day moving average price of $166.89 and a 200 day moving average price of $153.05.

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

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. UBS Group increased their target price on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $203.00 price target on RTX in a research report on Wednesday, October 22nd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Finally, The Goldman Sachs Group increased their price objective on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $178.47.

RTX Company 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.