Turtle Creek Wealth Advisors LLC Purchases 3,673 Shares of RTX Corporation $RTX
by Jessica Moore · The Cerbat GemTurtle Creek Wealth Advisors LLC grew its position in RTX Corporation (NYSE:RTX – Free Report) by 13.5% during the fourth quarter, HoldingsChannel reports. The firm owned 30,967 shares of the company’s stock after buying an additional 3,673 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in RTX were worth $5,679,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. BNP Paribas bought a new stake in shares of RTX in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in shares of RTX in the 3rd quarter valued at $30,000. SOA Wealth Advisors LLC. boosted its stake in shares of RTX by 57.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Wexford Capital LP bought a new stake in shares of RTX in the 3rd quarter valued at $33,000. Finally, Dogwood Wealth Management LLC boosted its stake in shares of RTX by 57.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. 86.50% of the stock is owned by institutional investors.
RTX Stock Down 0.8%
Shares of NYSE RTX opened at $179.47 on Friday. The firm has a market cap of $241.68 billion, a PE ratio of 33.67, a P/E/G ratio of 2.61 and a beta of 0.43. RTX Corporation has a 12-month low of $119.51 and a 12-month high of $214.50. The company’s fifty day simple moving average is $199.47 and its 200 day simple moving average is $187.63. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.
RTX (NYSE:RTX – Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. RTX’s revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.81 earnings per share for the current fiscal year.
RTX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, February 20th were issued a dividend of $0.68 per share. The ex-dividend date was Friday, February 20th. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio is presently 51.03%.
Insider Activity
In other RTX news, insider Shane G. Eddy sold 17,527 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $199.16, for a total transaction of $3,490,677.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the transaction, the executive vice president owned 16,749 shares in the company, valued at approximately $3,397,199.67. The trade was a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 89,255 shares of company stock valued at $18,151,956. 0.10% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
RTX has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Morgan Stanley reduced their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group reduced their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday. Sanford C. Bernstein reissued a “market perform” rating and set a $204.00 target price on shares of RTX in a research note on Thursday, January 29th. Finally, Robert W. Baird set a $225.00 target price on shares of RTX in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $202.28.
About RTX
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.
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