Brookstone Capital Management Acquires 8,547 Shares of RTX Corporation $RTX

Brookstone Capital Management raised its holdings in RTX Corporation (NYSE:RTXFree Report) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,849 shares of the company’s stock after purchasing an additional 8,547 shares during the quarter. Brookstone Capital Management’s holdings in RTX were worth $19,552,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Triangle Securities Wealth Management raised its holdings in shares of RTX by 3.7% in the third quarter. Triangle Securities Wealth Management now owns 22,460 shares of the company’s stock valued at $3,758,000 after buying an additional 795 shares during the last quarter. Southland Equity Partners LLC acquired a new stake in RTX in the 3rd quarter valued at about $215,000. Symmetry Partners LLC raised its stake in shares of RTX by 17.4% in the third quarter. Symmetry Partners LLC now owns 2,353 shares of the company’s stock worth $394,000 after acquiring an additional 349 shares during the last quarter. Optas LLC lifted its position in shares of RTX by 5.1% during the third quarter. Optas LLC now owns 4,864 shares of the company’s stock worth $814,000 after purchasing an additional 235 shares in the last quarter. Finally, Plancorp LLC lifted its position in shares of RTX by 3.2% during the third quarter. Plancorp LLC now owns 5,250 shares of the company’s stock worth $878,000 after purchasing an additional 164 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s 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 transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $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 available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

RTX News Summary

Here are the key news stories impacting RTX this week:

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday, October 22nd. BNP Paribas Exane started coverage on RTX in a research note on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price target on the stock. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Finally, Citigroup initiated coverage on RTX in a report on Thursday, December 11th. They set a “buy” rating and a $211.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.18.

Check Out Our Latest Stock Analysis on RTX

RTX Trading Up 0.2%

NYSE:RTX opened at $186.09 on Thursday. 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 1-year low of $112.27 and a 1-year high of $188.00. The firm has a market capitalization of $249.50 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.94 and a beta of 0.44. The business’s 50-day moving average price is $175.02 and its two-hundred day moving average price is $161.52.

RTX (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s revenue for the quarter 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. On average, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

RTX Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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