1,612 Shares in RTX Corporation $RTX Purchased by Anderson Hoagland & Co.

Key Points

• Anderson Hoagland & Co. acquired 1,612 shares of RTX Corporation, valued at approximately $235,000, marking a significant new position by the institutional investor.
• RTX Corporation reported a quarterly EPS of $1.56, exceeding analysts' expectations by $0.11, and achieved a revenue of $21.58 billion, up 9.4% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.68 per share, resulting in an annualized yield of 1.7%, with a payout ratio of 59.78%.

Anderson Hoagland & Co. purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,612 shares of the company's stock, valued at approximately $235,000.

Several other institutional investors have also bought and sold shares of RTX. MorganRosel Wealth Management LLC bought a new stake in shares of RTX in the first quarter valued at $26,000. 10Elms LLP purchased a new position in shares of RTX in the fourth quarter worth about $29,000. Summit Securities Group LLC bought a new stake in shares of RTX in the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX during the 1st quarter valued at approximately $44,000. Finally, Capital A Wealth Management LLC purchased a new position in RTX in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Up 0.0%

Shares of NYSE RTX traded up $0.03 during mid-day trading on Friday, hitting $158.22. The stock had a trading volume of 7,081,960 shares, compared to its average volume of 3,801,553. The business has a 50 day moving average price of $155.86 and a two-hundred day moving average price of $141.61. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $161.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $211.78 billion, a P/E ratio of 34.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 15th. RTX's dividend payout ratio (DPR) is currently 59.78%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RTX shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Barclays lifted their price objective on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Bank of America upped their target price on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research note on Monday, July 21st. Finally, Sanford C. Bernstein lifted their price objective on shares of RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $158.87.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 in the last three months. 0.15% of the stock is currently owned by company insiders.

RTX Company 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.