Security National Bank Has $9.37 Million Stock Position in RTX Corporation $RTX

Security National Bank raised its position in shares of RTX Corporation (NYSE:RTX) by 14.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,984 shares of the company’s stock after purchasing an additional 6,951 shares during the period. RTX accounts for about 1.4% of Security National Bank’s investment portfolio, making the stock its 15th largest position. Security National Bank’s holdings in RTX were worth $9,368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. Norges Bank acquired a new position in shares of RTX during the 2nd quarter worth $2,359,602,000. Laurel Wealth Advisors LLC boosted its holdings in RTX by 14,974.7% in the second quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock worth $525,518,000 after purchasing an additional 3,575,069 shares in the last quarter. Vanguard Group Inc. increased its position in RTX by 1.9% during the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after buying an additional 2,238,247 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in RTX by 9.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after buying an additional 1,361,071 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of RTX in the first quarter worth about $130,194,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.3%

Shares of RTX stock opened at $183.93 on Wednesday. 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 company’s fifty day moving average price is $176.84 and its two-hundred day moving average price is $162.89. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $188.00. The firm has a market capitalization of $246.61 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.44.

RTX (NYSE:RTX) last posted its quarterly 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. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. The company’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, analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BNP Paribas Exane started coverage on RTX in a report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 target price for the company. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. 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 report on Wednesday, October 22nd. Finally, Robert W. Baird set a $203.00 target price on shares of RTX in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $184.18.

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 stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is owned by corporate insiders.

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.