Fortis Capital Advisors LLC Has $1.08 Million Stake in RTX Corporation $RTX

Fortis Capital Advisors LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 3.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 7,369 shares of the company’s stock after purchasing an additional 231 shares during the period. Fortis Capital Advisors LLC’s holdings in RTX were worth $1,076,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new position in RTX during the first quarter worth $26,000. PFS Partners LLC boosted its position in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC bought a new position in RTX during the first quarter worth $40,000. McClarren Financial Advisors Inc. bought a new position in RTX during the first quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX during the first quarter worth $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.1%

RTX opened at $166.73 on Friday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28. The company has a 50-day simple moving average of $158.18 and a 200 day simple moving average of $143.89. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $223.18 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research report on Monday, July 21st. UBS Group boosted their target price on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Barclays boosted their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Bank of America boosted their target price on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $158.87.

Insider Buying and Selling at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last three months. 0.15% of the stock is owned by insiders.

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.