RTX Corporation (NYSE:RTX) Shares Bought by New Republic Capital LLC
by Teresa Graham · The Cerbat GemNew Republic Capital LLC increased its holdings in RTX Corporation (NYSE:RTX – Free Report) by 27.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,826 shares of the company’s stock after buying an additional 821 shares during the period. New Republic Capital LLC’s holdings in RTX were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bay Capital Advisors LLC acquired a new position in RTX in the 1st quarter worth approximately $224,000. Dynamic Advisor Solutions LLC boosted its position in RTX by 8.4% in the 1st 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. Deutsche Bank AG boosted its position in RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company’s stock worth $344,075,000 after purchasing an additional 936,953 shares in the last quarter. Brookwood Investment Group LLC purchased a new stake in RTX in the 1st quarter worth approximately $1,288,000. Finally, LBP AM SA boosted its position in RTX by 17.7% in the 1st 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. Institutional investors and hedge funds own 86.50% of the company’s stock.
RTX Stock Up 1.1%
NYSE RTX opened at $156.86 on Monday. The business has a fifty day moving average price of $143.48 and a 200 day moving average price of $133.04. RTX Corporation has a one year low of $112.27 and a one year high of $157.33. 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 market cap of $209.96 billion, a P/E ratio of 34.47, a P/E/G ratio of 2.89 and a beta of 0.64.
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 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 during the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the company earned $1.41 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.
RTX Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.73%. RTX’s dividend payout ratio (DPR) is presently 59.78%.
Analyst Ratings Changes
Several research firms have commented on RTX. DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 price objective on the stock in a research report on Friday, April 25th. Susquehanna upped their price objective on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company upped their price objective on RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 15th. Cowen restated a “buy” rating on shares of RTX in a research report on Friday, May 23rd. Finally, Bank of America upped their price objective on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $155.69.
Get Our Latest Stock Analysis on RTX
Insiders Place Their Bets
In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the sale, the vice president directly owned 9,546 shares of the company’s stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,530 shares of company stock valued at $3,080,191 in the last three months. 0.15% of the stock is currently owned by insiders.
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.
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