EagleClaw Capital Managment LLC Acquires New Position in RTX Corporation (NYSE:RTX)

Key Points

• EagleClaw Capital Management LLC has acquired a new stake in RTX Corporation, purchasing 2,425 shares valued at approximately $321,000 during the first quarter.
• Insider activity includes significant stock sales, with EVP Ramsaran Maharajh and EVP Dantaya M. Williams selling a combined total of 31,234 shares worth over $4.4 million in the last quarter.
• RTX has recently reported its quarterly earnings, showing an EPS of $1.56 which exceeded analyst expectations and reflecting a 9.4% year-over-year revenue increase to $21.58 billion.

EagleClaw Capital Managment LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,425 shares of the company's stock, valued at approximately $321,000.

A number of other large investors have also recently made changes to their positions in the stock. Guardian Wealth Advisors LLC NC grew its holdings in shares of RTX by 1.7% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock valued at $576,000 after buying an additional 82 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in shares of RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $505,000 after buying an additional 82 shares during the last quarter. Weatherly Asset Management L. P. raised its position in RTX by 0.4% during the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock worth $2,767,000 after buying an additional 82 shares during the last quarter. CLG LLC raised its position in RTX by 2.3% during the 1st quarter. CLG LLC now owns 3,686 shares of the company's stock worth $488,000 after buying an additional 83 shares during the last quarter. Finally, 49 Wealth Management LLC raised its position in RTX by 3.3% during the 4th quarter. 49 Wealth Management LLC now owns 2,609 shares of the company's stock worth $302,000 after buying an additional 84 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,234 shares of company stock worth $4,439,755 in the last quarter. 0.15% of the stock is owned by insiders.

RTX Price Performance

Shares of NYSE RTX opened at $157.51 on Friday. The firm has a market cap of $210.83 billion, a PE ratio of 34.62, a PEG ratio of 2.92 and a beta of 0.64. The firm has a fifty day moving average of $145.20 and a 200 day moving average of $133.94. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a one year low of $112.27 and a one year high of $158.79.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly 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. The company had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 EPS. As a group, research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX's payout ratio is presently 59.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays raised their price target on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Bank of America raised their price target on shares of 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 reissued a "hold" rating on shares of RTX in a research report on Monday, July 21st. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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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