JB Capital LLC Boosts Position in RTX Corporation $RTX

JB Capital LLC raised its stake in RTX Corporation (NYSE:RTX) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,703 shares of the company’s stock after buying an additional 3,578 shares during the period. RTX comprises 0.6% of JB Capital LLC’s holdings, making the stock its 28th biggest holding. JB Capital LLC’s holdings in RTX were worth $14,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in RTX. State Street Corp lifted its stake in shares of RTX by 0.5% during the 2nd quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after purchasing an additional 552,009 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in RTX by 1.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock valued at $192,333,000 after purchasing an additional 16,034 shares during the last quarter. MGO One Seven LLC raised its holdings in RTX by 10.2% in the second quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock worth $4,033,000 after purchasing an additional 2,554 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of RTX by 28,295.2% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock valued at $1,741,000 after buying an additional 11,884 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc bought a new stake in shares of RTX in the 2nd quarter valued at about $431,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $183.93 on Wednesday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $188.00. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The firm has a market cap of $246.61 billion, a P/E ratio of 37.77, a P/E/G ratio of 2.92 and a beta of 0.44. The business’s 50 day moving average price is $176.84 and its 200 day moving average price is $162.89.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS 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 business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Insider Activity at RTX

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 sale, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on RTX. BNP Paribas raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. Bank of America upped their price target on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Robert W. Baird set a $203.00 price objective on RTX in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their target price on RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 price target on shares of RTX in a research note on Tuesday, November 25th. Three equities research 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.18.

RTX Profile

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.