Alyeska Investment Group L.P. Takes Position in RTX Corporation $RTX

Key Points

• Alyeska Investment Group L.P. purchased 432,035 shares of RTX Corporation valued at approximately $57.2 million during the first quarter, indicating significant interest from institutional investors.
• In a recent earnings report, RTX exceeded analysts' expectations with earnings per share of $1.56, up from $1.41 a year earlier, contributing to a year-over-year revenue growth of 9.4%.
• RTX announced a quarterly dividend of $0.68 per share, set to be paid on September 4th, reflecting a 1.7% dividend yield and a payout ratio of 59.78%.

Alyeska Investment Group L.P. purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 432,035 shares of the company's stock, valued at approximately $57,227,000.

Other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in RTX in the first quarter valued at approximately $26,000. 10Elms LLP acquired a new stake in RTX in the fourth quarter valued at approximately $29,000. Greenline Partners LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $34,000. Summit Securities Group LLC acquired a new position in shares of RTX in the first quarter valued at approximately $40,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insiders Place Their Bets

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the business'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 sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 in the last ninety days. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of NYSE RTX traded down $3.55 during mid-day trading on Monday, reaching $153.97. 5,519,183 shares of the company's stock were exchanged, compared to its average volume of 5,162,587. The firm has a market capitalization of $206.09 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.67. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The firm has a 50-day moving average price of $153.69 and a two-hundred day moving average price of $139.75.

RTX (NYSE:RTX - Get Free Report) last released 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 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 15th. RTX's payout ratio is currently 59.78%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. upped their price objective on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Barclays upped 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. 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. Finally, Jefferies Financial Group restated a "hold" rating on shares of RTX in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $158.67.

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.