Little House Capital LLC Acquires New Holdings in RTX Co. (NYSE:RTX)

Little House Capital LLC acquired a new stake in RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,234 shares of the company’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTX. Boston Partners acquired a new position in RTX in the 3rd quarter valued at about $355,350,000. Massachusetts Financial Services Co. MA grew its position in RTX by 29.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,377,677 shares of the company’s stock valued at $602,941,000 after acquiring an additional 1,914,184 shares in the last quarter. Van ECK Associates Corp grew its position in RTX by 8,331.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,766,294 shares of the company’s stock valued at $127,120,000 after acquiring an additional 1,745,344 shares in the last quarter. Sanders Capital LLC grew its position in RTX by 20.2% in the 3rd quarter. Sanders Capital LLC now owns 9,996,918 shares of the company’s stock valued at $719,478,000 after acquiring an additional 1,682,928 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in RTX by 12,753.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,400,035 shares of the company’s stock valued at $117,799,000 after acquiring an additional 1,389,143 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of RTX stock traded down $0.30 during trading hours on Friday, hitting $101.41. 4,428,318 shares of the company were exchanged, compared to its average volume of 8,154,806. The business has a 50-day moving average of $95.57 and a 200-day moving average of $87.61. RTX Co. has a 1 year low of $68.56 and a 1 year high of $103.89. The stock has a market capitalization of $134.83 billion, a price-to-earnings ratio of 39.77, a P/E/G ratio of 1.84 and a beta of 0.88. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

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

RTX Announces Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on RTX. Robert W. Baird lifted their target price on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. TD Cowen boosted their price objective on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Royal Bank of Canada boosted their price objective on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Barclays boosted their price objective on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Finally, TheStreet raised RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, RTX has a consensus rating of “Hold” and an average price target of $96.27.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the sale, the chief financial officer now owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the 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 sale, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,785 shares of company stock valued at $3,448,188. Insiders own 0.13% 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.