Heck Capital Advisors LLC Acquires 664 Shares of RTX Corporation $RTX

Heck Capital Advisors LLC raised its holdings in RTX Corporation (NYSE:RTX) by 6.7% in the second quarter, Holdings Channel.com reports. The fund owned 10,626 shares of the company’s stock after acquiring an additional 664 shares during the quarter. Heck Capital Advisors LLC’s holdings in RTX were worth $1,552,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RTX. D.B. Root & Company LLC raised its holdings in shares of RTX by 3.9% during the 2nd quarter. D.B. Root & Company LLC now owns 7,555 shares of the company’s stock valued at $1,103,000 after purchasing an additional 282 shares in the last quarter. Capital Advisors Inc. OK increased its position in RTX by 8.0% during the second quarter. Capital Advisors Inc. OK now owns 23,435 shares of the company’s stock worth $3,422,000 after buying an additional 1,738 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its position in shares of RTX by 1.8% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 5,631 shares of the company’s stock worth $822,000 after buying an additional 101 shares during the last quarter. Berkshire Money Management Inc. boosted its stake in shares of RTX by 2.0% during the 2nd quarter. Berkshire Money Management Inc. now owns 4,782 shares of the company’s stock worth $698,000 after acquiring an additional 95 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of RTX by 3.6% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 11,359 shares of the company’s stock valued at $1,659,000 after acquiring an additional 393 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RTX. UBS Group boosted their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. Susquehanna boosted their target price 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. Finally, Bank of America upped their price target on shares of 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, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

RTX Trading Up 0.1%

Shares of RTX opened at $166.73 on Monday. The stock’s 50-day moving average price is $158.18 and its 200 day moving average price is $144.02. 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 firm 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 Corporation has a 12-month low of $112.27 and a 12-month high of $168.28.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the firm earned $1.41 EPS. The firm’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. As a group, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on 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 in the last ninety days. 0.15% of the stock is owned by corporate 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.