IFC Advisors LLC Has $5.31 Million Position in RTX Corporation $RTX

IFC Advisors LLC boosted its position in shares of RTX Corporation (NYSE:RTX) by 6.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 36,372 shares of the company’s stock after buying an additional 2,087 shares during the period. RTX accounts for about 1.0% of IFC Advisors LLC’s investment portfolio, making the stock its 20th largest holding. IFC Advisors LLC’s holdings in RTX were worth $5,311,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RTX. Brighton Jones LLC lifted its holdings in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the period. GAMMA Investing LLC grew its position in shares of RTX by 12.8% during the 1st quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock worth $4,163,000 after buying an additional 3,561 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock valued at $4,591,000 after purchasing an additional 2,686 shares during the period. Finally, Foster Victor Wealth Advisors LLC grew its holdings in RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company’s stock valued at $505,000 after purchasing an additional 82 shares during the period. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The shares were 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 SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders 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 RTX opened at $158.83 on Tuesday. The firm has a market capitalization of $212.59 billion, a PE ratio of 34.91, a PEG ratio of 2.93 and a beta of 0.66. The company’s 50-day moving average is $159.02 and its 200-day moving average is $145.30. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating 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 company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays upped their price target 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 stock a “neutral” rating in a research report on Monday, June 23rd. Bank of America boosted their price objective on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Citigroup upped their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

RTX Company 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.