Teewinot Capital Advisers L.L.C. Has $46.28 Million Stock Holdings in RTX Corporation $RTX

Key Points

• Teewinot Capital Advisers L.L.C. reduced its holdings in RTX Corporation by 42.3%, owning 349,378 shares after selling 255,772 shares in the first quarter.
• RTX's most recent earnings report showed an EPS of $1.56, surpassing analyst estimates, with revenue reaching $21.58 billion for the quarter.
• The company declared a quarterly dividend of $0.68 per share, yielding 1.7%, with a payout ratio of approximately 59.78%.

Teewinot Capital Advisers L.L.C. trimmed its position in RTX Corporation (NYSE:RTX - Free Report) by 42.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 349,378 shares of the company's stock after selling 255,772 shares during the period. RTX makes up about 4.7% of Teewinot Capital Advisers L.L.C.'s portfolio, making the stock its 10th largest holding. Teewinot Capital Advisers L.L.C.'s holdings in RTX were worth $46,279,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MorganRosel Wealth Management LLC acquired a new position in shares of RTX in the first quarter worth $26,000. 10Elms LLP bought a new stake in RTX during the fourth quarter valued at about $29,000. Greenline Partners LLC bought a new stake in shares of RTX in the fourth quarter valued at about $34,000. Summit Securities Group LLC bought a new position in RTX during the first quarter worth about $40,000. Finally, Mpwm Advisory Solutions LLC bought a new position in RTX during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RTX shares. Barclays raised their price target on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. 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 research report on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research report on Monday, July 21st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Three equities research 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 company's stock. According to data from MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus price target of $158.67.

Insider Activity at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 in the last 90 days. Corporate insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of RTX stock traded down $2.38 during trading on Tuesday, hitting $151.84. 5,459,307 shares of the stock were exchanged, compared to its average volume of 3,471,159. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $161.26. The stock has a market capitalization of $203.24 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 2.84 and a beta of 0.67. The company has a fifty day moving average price of $153.99 and a 200-day moving average price of $140.05. 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 (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. RTX's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. RTX's dividend payout ratio is 59.78%.

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.