Kodai Capital Management LP Makes New $18.53 Million Investment in RTX Corporation $RTX

Key Points

• Kodai Capital Management LP has acquired a new stake in RTX Corporation, purchasing 139,909 shares valued at approximately $18.5 million.
• Wall Street analysts have raised their price targets for RTX, with Goldman Sachs increasing its target from $114 to $126, contributing to a consensus rating of "Moderate Buy".
• RTX recently reported earnings of $1.56 per share for the last quarter, surpassing estimates and indicating a 9.4% year-over-year revenue increase to $21.58 billion.

Kodai Capital Management LP purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 139,909 shares of the company's stock, valued at approximately $18,532,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Evergreen Capital Management LLC increased its position in shares of RTX by 4.9% in the first quarter. Evergreen Capital Management LLC now owns 20,022 shares of the company's stock valued at $2,652,000 after buying an additional 937 shares in the last quarter. All Terrain Financial Advisors LLC boosted its stake in RTX by 4.0% in the 1st quarter. All Terrain Financial Advisors LLC now owns 2,601 shares of the company's stock worth $345,000 after buying an additional 100 shares during the last quarter. GKV Capital Management Co. Inc. lifted its stake in shares of RTX by 5.4% in the 1st quarter. GKV Capital Management Co. Inc. now owns 27,566 shares of the company's stock valued at $3,651,000 after purchasing an additional 1,400 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of RTX in the 1st quarter valued at about $327,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of RTX in the 1st quarter valued at about $320,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Down 0.3%

Shares of NYSE RTX traded down $0.53 during mid-day trading on Wednesday, reaching $157.48. 876,061 shares of the company traded hands, compared to its average volume of 5,167,301. The stock has a market cap of $210.79 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. The company's fifty day moving average is $152.78 and its two-hundred day moving average is $138.94. 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 fifty-two week low of $112.27 and a fifty-two week high of $161.26.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter last year, the company earned $1.41 EPS. The company's quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 15th. RTX's dividend payout ratio (DPR) is 59.78%.

Insider Buying and Selling at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on Tuesday, August 12th. The shares were 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 of the company's stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last three months. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup boosted their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Cowen reissued a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Finally, Bank of America upped their target price on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Three 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $158.67.

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.