2,127 Shares in RTX Corporation (NYSE:RTX) Bought by Hoxton Planning & Management LLC

Key Points

• Hoxton Planning & Management LLC has purchased 2,127 shares of RTX Corporation, valued at approximately $282,000, indicating institutional interest in the defense sector.
• RTX reported $1.56 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, alongside a revenue of $21.58 billion, representing a 9.4% year-over-year increase.
• The company has announced a quarterly dividend of $0.68 per share, with a current yield of 1.7% and a payout ratio of 59.78%.

Hoxton Planning & Management LLC purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,127 shares of the company's stock, valued at approximately $282,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of RTX during the first quarter worth approximately $26,000. 10Elms LLP acquired a new position in shares of RTX during the fourth quarter worth $29,000. Greenline Partners LLC acquired a new position in shares of RTX during the fourth quarter worth $34,000. Mpwm Advisory Solutions LLC bought a new stake in shares of RTX in the fourth quarter worth $43,000. Finally, Capital A Wealth Management LLC bought a new stake in RTX during the fourth quarter valued at $45,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Down 0.6%

Shares of RTX stock opened at $157.51 on Friday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $158.79. The stock has a market cap of $210.83 billion, a P/E ratio of 34.62, a P/E/G ratio of 2.92 and a beta of 0.64. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $145.20 and a two-hundred day simple moving average of $133.94.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analysts' expectations 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 period in the prior year, the company posted $1.41 earnings per share. On average, research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

Wall Street Analysts Forecast Growth

RTX has been the topic of several research reports. Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research note on Wednesday, May 14th. UBS Group increased their target price on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley raised their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price objective on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.67.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the transaction, the executive vice president owned 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,234 shares of company stock worth $4,439,755 over the last three months. 0.15% of the stock is 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.

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