Quarry LP Buys 1,724 Shares of RTX Corporation $RTX

Key Points

• Quarry LP significantly increased its stake in RTX Corporation by 244.5%, now holding 2,429 shares valued at approximately $322,000.
• RTX reported a quarterly earnings per share (EPS) of $1.56, exceeding analysts' expectations of $1.45, and had a revenue of $21.58 billion, also surpassing consensus estimates.
• The company declared a quarterly dividend of $0.68 per share, representing an annual yield of 1.7%, with a payment date set for September 4th.

Quarry LP increased its position in RTX Corporation (NYSE:RTX - Free Report) by 244.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,429 shares of the company's stock after acquiring an additional 1,724 shares during the quarter. Quarry LP's holdings in RTX were worth $322,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Apexium Financial LP grew its holdings in RTX by 2.2% during the 1st quarter. Apexium Financial LP now owns 3,629 shares of the company's stock valued at $481,000 after buying an additional 78 shares in the last quarter. Guardian Wealth Advisors LLC NC grew its holdings in RTX by 1.7% during the 4th 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 in the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in RTX by 2.1% during the 1st 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 in the last quarter. Weatherly Asset Management L. P. grew its holdings in RTX by 0.4% during the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock valued at $2,767,000 after buying an additional 82 shares in the last quarter. Finally, CLG LLC grew its holdings in RTX by 2.3% during the 1st quarter. CLG LLC now owns 3,686 shares of the company's stock valued at $488,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

NYSE:RTX traded down $0.06 during mid-day trading on Wednesday, reaching $157.95. The stock had a trading volume of 2,737,963 shares, compared to its average volume of 3,604,400. The firm has a 50 day moving average price of $153.11 and a two-hundred day moving average price of $139.07. The stock has a market capitalization of $211.42 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.92 and a beta of 0.67. RTX Corporation has a one year low of $112.27 and a one year high of $161.26. 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 released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company 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 $0.68 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's payout ratio is presently 59.78%.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction that occurred 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 $2,007,395.84. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on RTX. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a report on Monday, July 21st. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. UBS Group lifted their target price on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley lifted their price target on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus 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.