Los Angeles Capital Management LLC Buys 166,853 Shares of RTX Corporation (NYSE:RTX)

Los Angeles Capital Management LLC lifted its stake in RTX Corporation (NYSE:RTX - Free Report) by 26.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 796,271 shares of the company's stock after purchasing an additional 166,853 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of RTX worth $105,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in RTX. Brighton Jones LLC increased its holdings in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC lifted its position in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after buying an additional 159 shares in the last quarter. Proficio Capital Partners LLC lifted its position in RTX by 65.5% during the 4th quarter. Proficio Capital Partners LLC now owns 9,015 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,568 shares during the period. Douglass Winthrop Advisors LLC lifted its position in RTX by 27.8% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 8,022 shares of the company's stock valued at $928,000 after purchasing an additional 1,745 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in RTX during the 4th quarter valued at about $234,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president directly owned 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

RTX Stock Up 0.1%

Shares of RTX stock traded up $0.18 during trading on Friday, reaching $151.68. The company had a trading volume of 5,922,284 shares, compared to its average volume of 5,272,943. The company has a market cap of $202.64 billion, a price-to-earnings ratio of 44.48, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. RTX Corporation has a fifty-two week low of $102.62 and a fifty-two week high of $152.85. The firm's fifty day moving average is $141.35 and its 200-day moving average is $131.59. 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 (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. On average, analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.79%. RTX's dividend payout ratio is 79.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Susquehanna decreased their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Cowen reaffirmed a "buy" rating on shares of RTX in a report on Friday, May 23rd. Sanford C. Bernstein set a $154.00 target price on RTX and gave the stock a "market perform" rating in a report on Friday, July 11th. Finally, Benchmark raised 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. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.28.

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.