Little House Capital LLC Buys 14,223 Shares of RTX Co. (NYSE:RTX)

Little House Capital LLC boosted its holdings in RTX Co. (NYSE:RTX) by 64.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,237 shares of the company’s stock after buying an additional 14,223 shares during the period. RTX makes up about 1.3% of Little House Capital LLC’s investment portfolio, making the stock its 27th biggest position. Little House Capital LLC’s holdings in RTX were worth $4,391,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RTX. Alaska Permanent Fund Corp acquired a new position in RTX in the first quarter valued at approximately $42,000. Northwest Investment Counselors LLC acquired a new stake in RTX in the first quarter worth $169,000. Global Assets Advisory LLC acquired a new stake in RTX in the first quarter worth $7,523,000. CGN Advisors LLC raised its holdings in shares of RTX by 3.8% during the first quarter. CGN Advisors LLC now owns 29,211 shares of the company’s stock worth $2,849,000 after acquiring an additional 1,058 shares during the period. Finally, Strategic Planning Group LLC raised its holdings in shares of RTX by 17.6% during the first quarter. Strategic Planning Group LLC now owns 29,298 shares of the company’s stock worth $2,857,000 after acquiring an additional 4,391 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Down 0.6 %

RTX stock traded down $0.76 during midday trading on Monday, reaching $125.16. 1,738,194 shares of the stock traded hands, compared to its average volume of 6,771,497. The company has a 50-day simple moving average of $120.91 and a two-hundred day simple moving average of $110.46. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The firm has a market cap of $166.40 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. RTX Co. has a 12-month low of $72.52 and a 12-month high of $127.00.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts expect that RTX Co. will post 5.45 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is presently 98.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a report on Tuesday, July 30th. Royal Bank of Canada raised their target price on shares of RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Melius Research raised their target price on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Robert W. Baird raised their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $162.50.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the sale, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other RTX news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the sale, the vice president now owns 12,318 shares in the company, valued at approximately $1,402,773.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is currently owned by company insiders.

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.