First National Bank & Trust Co. of Newtown Sells 110 Shares of RTX Corporation $RTX

First National Bank & Trust Co. of Newtown cut its stake in RTX Corporation (NYSE:RTX) by 3.2% in the second quarter, Holdings Channel reports. The institutional investor owned 3,353 shares of the company’s stock after selling 110 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in RTX were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. Nuveen LLC bought a new stake in RTX during the first quarter valued at about $916,739,000. Goldman Sachs Group Inc. raised its position in RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after acquiring an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. raised its position in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after acquiring an additional 1,357,328 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of RTX by 1,178.2% in the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after buying an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of RTX in the first quarter valued at approximately $130,194,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of NYSE RTX opened at $167.37 on Thursday. The company has a market capitalization of $224.03 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.08 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $168.28. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The business has a 50-day moving average of $157.75 and a 200-day moving average of $143.42.

RTX (NYSE:RTX) last announced its quarterly earnings data 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the prior year, the firm posted $1.41 earnings per share. RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RTX shares. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. UBS Group increased their price target on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. increased their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Bank of America raised their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Three 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $158.87.

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.