Stephens Inc. AR Acquires 1,867 Shares of RTX Corporation $RTX

Stephens Inc. AR increased its holdings in shares of RTX Corporation (NYSE:RTX) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,400 shares of the company’s stock after buying an additional 1,867 shares during the quarter. Stephens Inc. AR’s holdings in RTX were worth $15,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RTX. Brighton Jones LLC lifted its position 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 buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC increased 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 worth $564,000 after purchasing an additional 159 shares in the last quarter. GAMMA Investing LLC increased its holdings in RTX by 12.8% in the 1st quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock worth $4,163,000 after purchasing an additional 3,561 shares in the last quarter. Advisor Resource Council acquired a new position in RTX in the 1st quarter worth about $1,030,000. Finally, Heartland Bank & Trust Co acquired a new position in RTX in the 1st quarter worth about $1,730,000. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RTX has been the subject of a number of recent research reports. UBS Group upped 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. Barclays increased their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein increased their price target on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Susquehanna increased their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

RTX Stock Up 0.6%

Shares of RTX stock opened at $158.04 on Monday. RTX Corporation has a one year low of $112.27 and a one year 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. The stock’s 50-day moving average is $159.20 and its 200 day moving average is $146.01. The firm has a market cap of $211.55 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 2.93 and a beta of 0.66.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the prior year, the company 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. Equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Insider Activity at RTX

In other RTX news, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last quarter. 0.15% of the stock is 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.