Little House Capital LLC Cuts Stake in RTX Corporation $RTX

Key Points

• Little House Capital LLC reduced its stake in RTX Corporation by 29.3%, selling 10,373 shares in the second quarter, leaving them with 24,973 shares valued at $3.65 million.
• Insider selling has occurred recently, with two insiders selling a total of 33,622 shares for nearly $5.4 million, indicating significant insider activity.
• RTX Corporation has shown strong financial performance, reporting $1.56 EPS and revenues of $21.58 billion in the previous quarter, along with a recent dividend of $0.68 per share.

Little House Capital LLC reduced its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 29.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,973 shares of the company's stock after selling 10,373 shares during the period. Little House Capital LLC's holdings in RTX were worth $3,646,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Dover Advisors LLC lifted its holdings in shares of RTX by 0.7% during the 2nd quarter. Dover Advisors LLC now owns 29,015 shares of the company's stock worth $4,237,000 after acquiring an additional 197 shares during the period. Chemistry Wealth Management LLC lifted its holdings in shares of RTX by 2.4% during the 2nd quarter. Chemistry Wealth Management LLC now owns 10,597 shares of the company's stock worth $1,547,000 after acquiring an additional 252 shares during the period. Rise Advisors LLC lifted its holdings in shares of RTX by 7.1% during the 2nd quarter. Rise Advisors LLC now owns 2,529 shares of the company's stock worth $369,000 after acquiring an additional 168 shares during the period. Granite Bay Wealth Management LLC purchased a new position in shares of RTX during the 2nd quarter worth about $6,761,000. Finally, Persium Advisors LLC raised its holdings in RTX by 1.6% in the second quarter. Persium Advisors LLC now owns 4,935 shares of the company's stock valued at $721,000 after buying an additional 76 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. Company insiders own 0.15% of the company's stock.

RTX Stock Performance

RTX stock opened at $158.40 on Tuesday. The company has a market cap of $212.03 billion, a PE ratio of 34.81, a P/E/G ratio of 2.87 and a beta of 0.67. The company has a fifty day moving average price of $154.89 and a two-hundred day moving average price of $140.92. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $161.26.

RTX (NYSE:RTX - Get Free Report) last released 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. 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 firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's payout ratio is 59.78%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Morgan Stanley upped their price target on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. UBS Group upped their target price on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Barclays increased their target price on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.87.

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.

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