Mattson Financial Services LLC Cuts Stock Holdings in RTX Corporation $RTX

Mattson Financial Services LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,104 shares of the company’s stock after selling 94 shares during the quarter. Mattson Financial Services LLC’s holdings in RTX were worth $1,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the first quarter worth about $26,000. PFS Partners LLC grew its holdings in shares of 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 in the last quarter. Summit Securities Group LLC purchased a new position in shares of RTX during the first quarter worth about $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX during the first quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of RTX during the first quarter worth about $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.1%

Shares of RTX stock opened at $156.79 on Friday. The company’s 50 day moving average price is $159.14 and its 200-day moving average price is $145.64. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock has a market capitalization of $209.87 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 2.92 and a beta of 0.66.

RTX (NYSE:RTX) last announced its quarterly earnings results 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. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on RTX. Sanford C. Bernstein boosted their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Barclays increased their price target 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. Susquehanna increased their target price on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Two investment 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 company’s stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last quarter. 0.15% of the stock is currently owned by company insiders.

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.