RTX Corporation $RTX Position Trimmed by Builder Investment Group Inc. ADV

Builder Investment Group Inc. ADV trimmed its holdings in shares of RTX Corporation (NYSE:RTX) by 0.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,669 shares of the company’s stock after selling 129 shares during the period. RTX comprises approximately 1.8% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 11th biggest position. Builder Investment Group Inc. ADV’s holdings in RTX were worth $7,253,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Brown Lisle Cummings Inc. boosted its stake in shares of RTX by 2.2% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 15,648 shares of the company’s stock worth $2,285,000 after acquiring an additional 330 shares in the last quarter. Twelve Points Wealth Management LLC increased its stake in RTX by 22.7% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 5,878 shares of the company’s stock worth $858,000 after purchasing an additional 1,087 shares in the last quarter. Signaturefd LLC increased its stake in RTX by 11.3% in the 2nd quarter. Signaturefd LLC now owns 35,748 shares of the company’s stock worth $5,220,000 after purchasing an additional 3,636 shares in the last quarter. Meridian Investment Counsel Inc. increased its stake in RTX by 6.6% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 6,425 shares of the company’s stock worth $938,000 after purchasing an additional 395 shares in the last quarter. Finally, Cove Private Wealth LLC increased its stake in RTX by 17.3% in the 2nd quarter. Cove Private Wealth LLC now owns 3,390 shares of the company’s stock worth $495,000 after purchasing an additional 500 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares of the company’s stock, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Susquehanna lifted their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein raised their target price on RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 10th. Finally, Bank of America raised 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.87.

RTX Price Performance

RTX opened at $163.50 on Friday. The stock has a market cap of $218.85 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 2.96 and a beta of 0.67. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $165.35. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $156.93 and a 200 day moving average price of $142.65.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

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.