Versor Investments LP Lowers Stake in RTX Corporation $RTX

Key Points

• Versor Investments LP significantly reduced its stake in RTX Corporation by 81.0%, selling nearly 20,000 shares, and its holdings are now valued at approximately $619,000.
• Several analysts upgraded their ratings and price targets for RTX, with Morgan Stanley raising its target from $165 to $180, contributing to a consensus rating of "Moderate Buy".
• RTX announced a quarterly dividend of $0.68 per share, representing a 1.8% yield, which will be paid to shareholders on September 4th.

Versor Investments LP decreased its position in RTX Corporation (NYSE:RTX - Free Report) by 81.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,670 shares of the company's stock after selling 19,934 shares during the period. Versor Investments LP's holdings in RTX were worth $619,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RTX. Nuveen LLC purchased a new stake in shares of RTX in the first quarter valued at approximately $916,739,000. GAMMA Investing LLC boosted its holdings in shares of RTX by 14,838.5% in the first quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock valued at $551,460,000 after purchasing an additional 4,135,349 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of RTX by 43.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after purchasing an additional 3,164,844 shares during the period. Goldman Sachs Group Inc. raised its stake in RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after buying an additional 1,394,918 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Performance

Shares of NYSE RTX traded down $0.0530 during mid-day trading on Friday, hitting $156.2670. The stock had a trading volume of 4,250,914 shares, compared to its average volume of 4,034,675. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The company has a 50 day moving average of $150.96 and a two-hundred day moving average of $137.34. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $158.79. The firm has a market cap of $209.17 billion, a PE ratio of 34.34, a PEG ratio of 2.88 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the firm earned $1.41 EPS. The firm's revenue 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 predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. Insiders sold 47,589 shares of company stock valued at $7,126,389 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research note on Monday, July 21st. UBS Group upped their price target on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Benchmark raised 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. Finally, Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $158.67.

RTX Company 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.