Little House Capital LLC Takes Position in RTX Co. (NYSE:RTX)

Little House Capital LLC purchased a new stake in RTX Co. (NYSE:RTX) in the fourth quarter, Holdings Channel reports. The firm purchased 3,234 shares of the company’s stock, valued at approximately $272,000.

Other institutional investors have also made changes to their positions in the company. Intellectus Partners LLC grew its stake in RTX by 3.3% during the 4th quarter. Intellectus Partners LLC now owns 9,475 shares of the company’s stock worth $797,000 after buying an additional 302 shares during the last quarter. Transcend Capital Advisors LLC grew its stake in RTX by 3.5% during the 4th quarter. Transcend Capital Advisors LLC now owns 21,943 shares of the company’s stock worth $1,846,000 after buying an additional 752 shares during the last quarter. Opinicus Capital Inc. bought a new position in RTX during the 4th quarter worth $1,051,000. Unique Wealth Strategies LLC bought a new position in RTX during the 4th quarter worth $698,000. Finally, Consolidated Planning Corp bought a new position in RTX during the 4th quarter worth $227,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on RTX. Susquehanna upped their price objective on RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research note on Wednesday. Robert W. Baird boosted their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. UBS Group boosted their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America boosted their price target on RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 price target on shares of RTX in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.27.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock valued at $3,448,188 over the last three months. Company insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of RTX stock traded down $0.30 during trading on Friday, hitting $101.41. The stock had a trading volume of 4,428,318 shares, compared to its average volume of 8,154,806. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. The firm has a market cap of $134.83 billion, a P/E ratio of 39.77, a PEG ratio of 1.84 and a beta of 0.88. The business has a fifty day moving average of $95.57 and a two-hundred day moving average of $87.61. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. RTX’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 earnings per share. On average, sell-side analysts expect that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is presently 92.55%.

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.