Hotchkis & Wiley Capital Management LLC Sells 320,580 Shares of RTX Corporation $RTX

Key Points

• Hotchkis & Wiley Capital Management LLC sold 320,580 shares of RTX Corporation, reducing its stake by 15.4% and owning 1,760,031 shares worth approximately $233.1 million post-sale.
• RTX reported an earnings per share (EPS) of $1.56 for the quarter, exceeding analysts' expectations of $1.45, alongside a revenue of $21.58 billion.
• The company announced a quarterly dividend of $0.68, representing an annualized payout of $2.72 and a dividend yield of 1.7%, with a dividend payout ratio of 59.78%.

Hotchkis & Wiley Capital Management LLC trimmed its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,760,031 shares of the company's stock after selling 320,580 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.13% of RTX worth $233,134,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in RTX during the 1st quarter valued at approximately $26,000. 10Elms LLP bought a new stake in RTX during the 4th quarter valued at approximately $29,000. Greenline Partners LLC bought a new stake in RTX during the 4th quarter valued at approximately $34,000. Summit Securities Group LLC bought a new stake in RTX during the 1st quarter valued at approximately $40,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in RTX during the 4th quarter valued at approximately $43,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

Shares of NYSE:RTX traded down $0.02 during midday trading on Monday, hitting $156.22. The company had a trading volume of 2,430,243 shares, compared to its average volume of 4,010,900. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $158.79. 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 company has a market cap of $209.11 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 2.88 and a beta of 0.69. The company has a fifty day moving average of $151.16 and a two-hundred day moving average of $137.65.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the prior year, the business posted $1.41 EPS. RTX'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. On average, equities research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX's payout ratio is 59.78%.

Analyst Ratings Changes

RTX has been the topic of a number of analyst reports. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Wednesday, May 14th. JPMorgan Chase & Co. boosted their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price target on RTX and gave the stock a "market perform" rating in a research report on Friday, July 11th. Royal Bank Of Canada reissued an "outperform" rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, Bank of America boosted their price target on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Three 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $158.67.

Insider Activity

In related news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,589 shares of company stock valued at $7,126,389. 0.15% of the stock is owned by corporate insiders.

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.