RTX Corporation $RTX Shares Acquired by Northside Capital Management LLC

Key Points

• Northside Capital Management LLC increased their stake in RTX Corporation by 141.2% during the second quarter, acquiring a total of 12,919 shares valued at approximately $1.89 million.
• Executive vice president Ramsaran Maharajh and insider Philip J. Jasper both sold substantial shares of RTX, with total insider sales over the past 90 days amounting to $8.95 million.
• RTX Corporation reported $21.58 billion in revenue for the last quarter, exceeding analyst estimates, and set guidance for FY 2025 EPS between 5.800-5.950.

Northside Capital Management LLC raised its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 141.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,919 shares of the company's stock after purchasing an additional 7,562 shares during the period. Northside Capital Management LLC's holdings in RTX were worth $1,886,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bay Capital Advisors LLC acquired a new position in shares of RTX during the first quarter worth $224,000. Dynamic Advisor Solutions LLC increased its position in shares of RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after purchasing an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC acquired a new position in shares of RTX during the first quarter worth $1,288,000. LBP AM SA increased its position in shares of RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after purchasing an additional 41,990 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after purchasing an additional 5,356 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by company insiders.

RTX Price Performance

NYSE:RTX opened at $160.32 on Wednesday. The firm's fifty day moving average is $156.30 and its two-hundred day moving average is $142.05. 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 one year low of $112.27 and a one year high of $161.40. The firm has a market cap of $214.59 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 2.94 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the prior year, the company posted $1.41 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were paid 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 of this dividend was Friday, August 15th. RTX's dividend payout ratio is presently 59.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a report on Monday, July 21st. Morgan Stanley boosted their price objective on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein boosted their price objective on shares of RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a report on Wednesday, September 10th. UBS Group boosted their price objective on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

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.

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