9,727 Shares in RTX Corporation $RTX Bought by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. has acquired 9,727 shares of RTX Corporation, valued at approximately $1,288,000, during the first quarter.
• RTX reported an earnings per share (EPS) of $1.56 for the quarter, exceeding estimates, with revenues of $21.58 billion, a 9.4% increase year-over-year.
• The company announced a quarterly dividend of $0.68 per share, with a current annualized dividend yield of 1.7%.

Hodges Capital Management Inc. bought a new stake in RTX Corporation (NYSE:RTX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,727 shares of the company's stock, valued at approximately $1,288,000.

Other large investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new position in RTX in the first quarter valued at about $26,000. 10Elms LLP bought a new position in RTX in the fourth quarter valued at about $29,000. Summit Securities Group LLC bought a new position in RTX in the first quarter valued at about $40,000. Mpwm Advisory Solutions LLC bought a new position in RTX in the fourth quarter valued at about $43,000. Finally, McClarren Financial Advisors Inc. bought a new position in RTX in the first quarter valued at about $44,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 1.1%

NYSE RTX opened at $155.90 on Friday. The business has a 50 day simple moving average of $154.64 and a 200 day simple moving average of $140.58. RTX Corporation has a one year low of $112.27 and a one year high of $161.26. The stock has a market capitalization of $208.68 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. During the same quarter last year, the firm posted $1.41 earnings per share. The firm's revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company's stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. Company insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Bank of America raised their price objective on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research report on Monday, July 21st. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, Morgan Stanley raised their price objective on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $158.87.

About RTX

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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