Cowa LLC Invests $481,000 in RTX Corporation $RTX

Key Points

• Cowa LLC acquired a new stake in RTX Corporation, purchasing 3,633 shares valued at approximately $481,000 during the first quarter.
• RTX reported a net margin of 7.35% and a revenue of $21.58 billion for the latest quarter, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.68 per share, with an annualized yield of 1.8%, payable on September 4th.

Cowa LLC bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,633 shares of the company's stock, valued at approximately $481,000.

Other large investors have also recently bought and sold shares of the company. Bay Capital Advisors LLC purchased a new stake in RTX in the first quarter valued at approximately $224,000. Dynamic Advisor Solutions LLC boosted its position in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after purchasing an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC purchased a new stake in RTX in the 1st quarter worth approximately $1,288,000. Deutsche Bank AG boosted its position in RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares in the last quarter. Finally, LBP AM SA boosted its position in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after purchasing an additional 41,990 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Up 1.9%

Shares of RTX traded up $2.9960 during midday trading on Wednesday, reaching $156.6560. The company had a trading volume of 2,374,243 shares, compared to its average volume of 5,267,802. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $158.79. The stock has a market cap of $209.69 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69. The firm has a 50 day simple moving average of $150.14 and a 200-day simple moving average of $136.83. 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 (NYSE:RTX - Get Free Report) last issued 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 the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts forecast 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 will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's dividend payout ratio (DPR) is 59.78%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RTX shares. JPMorgan Chase & Co. upped their price objective on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. UBS Group increased their target price on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $154.00 target price on RTX and gave the company a "market perform" rating in a research report on Friday, July 11th. 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 data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.67.

Insider Activity at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,589 shares of company stock worth $7,126,389 over the last ninety days. Company insiders own 0.15% of the company's stock.

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.