Beacon Pointe Advisors LLC Sells 39,967 Shares of RTX Corporation $RTX

Beacon Pointe Advisors LLC lowered its stake in RTX Corporation (NYSE:RTX) by 17.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 188,423 shares of the company’s stock after selling 39,967 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in RTX were worth $27,514,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RTX. PFS Partners LLC grew its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the period. LFA Lugano Financial Advisors SA bought a new position in RTX during the 2nd quarter worth approximately $29,000. Access Investment Management LLC acquired a new position in RTX during the second quarter valued at approximately $31,000. BOK Financial Private Wealth Inc. increased its stake in RTX by 45.3% in the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in RTX in the first quarter worth $40,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $203.00 target price on RTX in a research note on Wednesday, October 22nd. Morgan Stanley set a $215.00 price target on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Jefferies Financial Group reiterated a “hold” rating and set a $190.00 price objective on shares of RTX in a report on Tuesday, November 25th. Finally, BNP Paribas upgraded RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.00.

RTX Stock Down 3.9%

RTX stock opened at $168.01 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The stock has a market capitalization of $225.26 billion, a P/E ratio of 34.50, a P/E/G ratio of 2.79 and a beta of 0.64. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The business has a 50-day moving average of $170.40 and a 200-day moving average of $156.77.

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

RTX Dividend Announcement

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

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX 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 sale, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company’s stock.

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.