RTX Corporation $RTX Shares Bought by Tamar Securities LLC

Key Points

• Tamar Securities LLC increased its stake in RTX Corporation by 4.0%, owning a total of 159,797 shares worth approximately $21.17 million.
• RTX's latest earnings report showed a net revenue increase of 9.4% year-over-year, with an EPS of $1.56 that exceeded analyst expectations.
• Recent analytic ratings for RTX are generally positive, with a consensus rating of "Moderate Buy" and a price target averaging $158.67.

Tamar Securities LLC lifted its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,797 shares of the company's stock after acquiring an additional 6,099 shares during the period. RTX accounts for approximately 2.9% of Tamar Securities LLC's portfolio, making the stock its 11th biggest holding. Tamar Securities LLC's holdings in RTX were worth $21,167,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bay Capital Advisors LLC acquired a new stake in shares of RTX during the first quarter valued at $224,000. Dynamic Advisor Solutions LLC lifted its position in 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 buying an additional 2,686 shares during the period. Brookwood Investment Group LLC purchased a new position in RTX during the first quarter worth about $1,288,000. LBP AM SA lifted its position in 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 buying an additional 41,990 shares during the period. Finally, Arizona State Retirement System lifted its position in 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 buying an additional 5,356 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RTX. Susquehanna increased their target price on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Morgan Stanley increased their target price on RTX from $165.00 to $180.00 and gave the stock 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 assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.67.

RTX Stock Down 1.5%

Shares of NYSE:RTX traded down $2.38 during mid-day trading on Tuesday, hitting $151.84. 5,459,307 shares of the company traded hands, compared to its average volume of 3,471,159. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $161.26. The firm's 50 day simple moving average is $153.99 and its 200 day simple moving average is $140.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $203.24 billion, a P/E ratio of 33.37, a PEG ratio of 2.84 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $20.68 billion. During the same quarter last year, the firm earned $1.41 EPS. RTX's quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 15th. RTX's dividend payout ratio (DPR) is 59.78%.

Insider Activity

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last quarter. Corporate 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.