CW Advisors LLC Has $8.31 Million Position in RTX Corporation $RTX

Key Points

• CW Advisors LLC increased its holdings in RTX Corporation by 24.7% during the first quarter, bringing its total position to approximately $8.31 million worth of shares.
• RTX's recent quarterly earnings report showed an EPS of $1.56, exceeding analyst expectations, with revenues of $21.58 billion, rising 9.4% compared to the previous year.
• The company recently announced a quarterly dividend of $0.68 per share, reflecting an annualized yield of 1.7% with a payout ratio of 59.78%.

CW Advisors LLC raised its holdings in RTX Corporation (NYSE:RTX - Free Report) by 24.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,729 shares of the company's stock after buying an additional 12,407 shares during the period. CW Advisors LLC's holdings in RTX were worth $8,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the 1st quarter worth about $26,000. 10Elms LLP acquired a new position in shares of RTX during the 4th quarter worth about $29,000. Greenline Partners LLC acquired a new position in shares of RTX during the 4th quarter worth about $34,000. Summit Securities Group LLC acquired a new position in shares of RTX during the 1st quarter worth about $40,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of RTX during the 4th quarter worth about $43,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares of the company's stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 16,538 shares of the company's stock, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,589 shares of company stock worth $7,126,389. Company insiders own 0.15% of the company's stock.

RTX Stock Performance

NYSE RTX opened at $156.2670 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $209.17 billion, a P/E ratio of 34.34, a P/E/G ratio of 2.88 and a beta of 0.69. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $158.79. The firm has a 50-day moving average price of $150.96 and a two-hundred day moving average price of $137.34.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating 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 net margin of 7.35% and a return on equity of 12.89%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts anticipate 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 issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Barclays boosted their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group boosted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a report on Wednesday, May 14th. Finally, Bank of America lifted their target price on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $158.67.

RTX 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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