Yousif Capital Management LLC Has $15.64 Million Stock Holdings in RTX Co. (NYSE:RTX)

Yousif Capital Management LLC lowered its holdings in RTX Co. (NYSE:RTX - Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,065 shares of the company's stock after selling 2,178 shares during the period. Yousif Capital Management LLC's holdings in RTX were worth $15,639,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. LaFleur & Godfrey LLC raised its holdings in RTX by 0.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock worth $20,620,000 after buying an additional 900 shares during the period. Brighton Jones LLC boosted its position in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC grew its stake in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of RTX by 4.9% in the 4th quarter. Empowered Funds LLC now owns 84,372 shares of the company's stock valued at $9,764,000 after purchasing an additional 3,966 shares during the period. Finally, Stephens Inc. AR lifted its position in shares of RTX by 2.7% in the fourth quarter. Stephens Inc. AR now owns 102,133 shares of the company's stock worth $11,819,000 after purchasing an additional 2,687 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the firm'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 now directly owns 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president now directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RTX. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Wednesday, May 14th. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a research note on Friday, April 25th. Argus upgraded RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their target price on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $159.82.

RTX Stock Performance

Shares of RTX stock traded down $2.46 on Tuesday, reaching $138.52. The stock had a trading volume of 6,303,470 shares, compared to its average volume of 5,374,820. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The business's 50-day moving average price is $129.78 and its two-hundred day moving average price is $125.98. The stock has a market cap of $185.06 billion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $141.33.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. On average, sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.96%. RTX's payout ratio is 79.77%.

About RTX

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.