RTX Corporation $RTX Shares Bought by Bey Douglas LLC

Bey Douglas LLC grew its holdings in shares of RTX Corporation (NYSE:RTX) by 35.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,024 shares of the company’s stock after purchasing an additional 784 shares during the quarter. RTX makes up about 0.3% of Bey Douglas LLC’s portfolio, making the stock its 29th biggest holding. Bey Douglas LLC’s holdings in RTX were worth $442,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RTX. Brighton Jones LLC raised its holdings in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its holdings in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the period. GAMMA Investing LLC raised its holdings in RTX by 12.8% in the 1st quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock valued at $4,163,000 after buying an additional 3,561 shares during the period. Focus Financial Network Inc. raised its holdings in RTX by 5.3% in the 1st quarter. Focus Financial Network Inc. now owns 7,086 shares of the company’s stock valued at $939,000 after buying an additional 355 shares during the period. Finally, Simon Quick Advisors LLC raised its holdings in RTX by 51.1% in the 1st quarter. Simon Quick Advisors LLC now owns 9,427 shares of the company’s stock valued at $1,249,000 after buying an additional 3,188 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 2.8%

Shares of NYSE:RTX opened at $157.64 on Friday. 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 firm has a market capitalization of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.99 and a beta of 0.66. The firm’s 50-day moving average is $159.00 and its two-hundred day moving average is $144.95. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $170.85.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. 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 year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RTX shares. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Barclays boosted their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. The Goldman Sachs Group boosted their price objective on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Citigroup boosted their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Susquehanna boosted their price target on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

Insider Buying and Selling at RTX

In other 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 transaction of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction dated 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 approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by company insiders.

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.