RTX Corporation $RTX Shares Bought by RFG Advisory LLC

RFG Advisory LLC raised its position in RTX Corporation (NYSE:RTX) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,156 shares of the company’s stock after purchasing an additional 1,160 shares during the quarter. RFG Advisory LLC’s holdings in RTX were worth $3,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in RTX in the 1st quarter valued at about $26,000. PFS Partners LLC lifted its holdings in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of RTX in the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX in the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of RTX in the 1st quarter worth approximately $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Price Performance

RTX stock opened at $159.45 on Wednesday. The firm has a market cap of $213.43 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.95 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85. 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 company’s 50 day moving average is $159.09 and its two-hundred day moving average is $145.39.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the firm posted $1.41 EPS. The company’s quarterly 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. On average, research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Citigroup upped their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. UBS Group upped their price objective on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Finally, Susquehanna increased their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.13.

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.