RPG Investment Advisory LLC Has $43.06 Million Stake in RTX Corporation $RTX

Key Points

• RPG Investment Advisory LLC increased its holdings in RTX Corporation by 99.7%, acquiring an additional 162,313 shares, totaling approximately $43 million in value.
• RTX Corporation's recent earnings report showed $1.56 EPS and $21.58 billion in revenue, surpassing analyst estimates and indicating a 9.4% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.68 per share, reflecting a 1.7% yield with a payout ratio of 59.78%.

RPG Investment Advisory LLC boosted its position in RTX Corporation (NYSE:RTX - Free Report) by 99.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325,078 shares of the company's stock after buying an additional 162,313 shares during the period. RTX makes up about 3.1% of RPG Investment Advisory LLC's holdings, making the stock its 5th biggest position. RPG Investment Advisory LLC's holdings in RTX were worth $43,060,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. 1832 Asset Management L.P. increased its holdings in shares of RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock valued at $160,588,000 after purchasing an additional 1,117,506 shares in the last quarter. Monetary Management Group Inc. grew its holdings in shares of RTX by 69.7% during the first quarter. Monetary Management Group Inc. now owns 17,611 shares of the company's stock worth $2,333,000 after buying an additional 7,235 shares in the last quarter. Compound Planning Inc. boosted its position in shares of RTX by 1.4% in the first quarter. Compound Planning Inc. now owns 40,694 shares of the company's stock worth $5,390,000 after acquiring an additional 556 shares during the last quarter. Norinchukin Bank The lifted its position in RTX by 16.2% during the first quarter. Norinchukin Bank The now owns 73,049 shares of the company's stock valued at $9,676,000 after buying an additional 10,181 shares in the last quarter. Finally, CW Advisors LLC lifted its position in RTX by 24.7% during the first quarter. CW Advisors LLC now owns 62,729 shares of the company's stock valued at $8,314,000 after buying an additional 12,407 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Benchmark upgraded shares of 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. Sanford C. Bernstein set a $154.00 price target on shares of RTX and gave the stock a "market perform" rating in a research report on Friday, July 11th. UBS Group boosted their price target on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Bank of America boosted their price target on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $158.67.

RTX Stock Down 0.0%

NYSE:RTX traded down $0.02 on Monday, hitting $156.22. 2,430,243 shares of the company's stock traded hands, compared to its average volume of 5,241,477. The company has a market cap of $209.11 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.69. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $158.79. The firm has a 50-day moving average price of $150.96 and a 200-day moving average price of $137.46.

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 for 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%.The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the firm'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 transaction, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,589 shares of company stock valued at $7,126,389. Insiders own 0.15% of the company's stock.

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.