Caxton Associates LLP Takes $2.24 Million Position in RTX Corporation $RTX

Key Points

• Caxton Associates LLP has acquired a new stake in RTX Corporation, purchasing 16,916 shares valued at approximately $2.24 million during Q1.
• RTX's shares opened at $153.97, down 2.3%, with a market cap of $206.09 billion and an annualized dividend yield of 1.8% after announcing a quarterly dividend of $0.68.
• The company reported a quarterly earnings increase, achieving $1.56 EPS, surpassing analyst expectations and setting a forecast for FY 2025 EPS between 5.800-5.950.

Caxton Associates LLP purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,916 shares of the company's stock, valued at approximately $2,241,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the first quarter valued at about $26,000. 10Elms LLP bought a new stake in shares of RTX in the fourth quarter valued at about $29,000. Summit Securities Group LLC bought a new stake in shares of RTX in the first quarter valued at about $40,000. Mpwm Advisory Solutions LLC bought a new stake in shares of RTX in the fourth quarter valued at about $43,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of RTX in the first quarter valued at about $44,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 2.3%

Shares of RTX opened at $153.97 on Tuesday. The stock has a market cap of $206.09 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 2.90 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $161.26. The company has a 50-day moving average price of $153.84 and a two-hundred day moving average price of $139.97.

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

RTX Announces Dividend

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

Analyst Ratings Changes

RTX has been the subject of several research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Susquehanna increased their target price on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Wednesday, May 14th. Finally, 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 note 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.67.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 in the last ninety days. 0.15% of the stock is owned by corporate insiders.

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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