RTX Co. (NYSE:RTX) Stake Boosted by Liberty Wealth Management LLC

Liberty Wealth Management LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 317.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,346 shares of the company’s stock after purchasing an additional 10,908 shares during the quarter. Liberty Wealth Management LLC’s holdings in RTX were worth $1,440,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Briaud Financial Planning Inc raised its holdings in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Lynx Investment Advisory acquired a new stake in RTX during the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX during the 2nd quarter valued at $32,000. Fairman Group LLC purchased a new stake in shares of RTX in the fourth quarter valued at $38,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of RTX by 42.2% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 139 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Susquehanna increased their price objective on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a research report on Tuesday, July 30th. TD Cowen raised their price target on shares of RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Robert W. Baird upped their price objective on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Melius Research lifted their target price on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $153.47.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.87, for a total value of $2,018,265.90. Following the transaction, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at approximately $4,463,273.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other RTX news, EVP Dantaya M. Williams sold 17,570 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.87, for a total value of $2,018,265.90. Following the sale, the executive vice president now directly owns 38,855 shares in the company, valued at approximately $4,463,273.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the transaction, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock worth $20,861,880 in the last 90 days. 0.13% of the stock is owned by company insiders.

RTX Trading Up 2.3 %

NYSE:RTX opened at $121.16 on Tuesday. The company’s 50 day moving average is $112.58 and its 200-day moving average is $104.64. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. RTX Co. has a 12 month low of $68.56 and a 12 month high of $123.70. The firm has a market cap of $161.08 billion, a price-to-earnings ratio of 47.51, a P/E/G ratio of 2.08 and a beta of 0.82.

RTX (NYSE:RTX) last announced its earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter last year, the firm posted $1.29 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

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.