D.A. Davidson & CO. Has $139.62 Million Position in RTX Corporation $RTX

D.A. Davidson & CO. raised its position in RTX Corporation (NYSE:RTX) by 21.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 956,165 shares of the company’s stock after purchasing an additional 171,731 shares during the quarter. RTX accounts for about 1.0% of D.A. Davidson & CO.’s holdings, making the stock its 18th biggest holding. D.A. Davidson & CO. owned about 0.07% of RTX worth $139,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. increased its stake in shares of RTX by 11.6% in the second quarter. Cullen Frost Bankers Inc. now owns 119,429 shares of the company’s stock valued at $17,439,000 after buying an additional 12,411 shares during the period. Fiduciary Family Office LLC boosted its position in RTX by 10.0% during the 2nd quarter. Fiduciary Family Office LLC now owns 9,280 shares of the company’s stock worth $1,355,000 after buying an additional 846 shares during the period. Advantage Trust Co grew its holdings in RTX by 11.1% during the 2nd quarter. Advantage Trust Co now owns 2,847 shares of the company’s stock worth $416,000 after acquiring an additional 284 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in RTX by 1.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 199,924 shares of the company’s stock valued at $29,193,000 after acquiring an additional 3,217 shares during the period. Finally, Whittier Trust Co. raised its stake in shares of RTX by 6.5% during the second quarter. Whittier Trust Co. now owns 414,255 shares of the company’s stock valued at $60,489,000 after acquiring an additional 25,145 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RTX shares. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Morgan Stanley lifted their price objective on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Bank of America raised their price target on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Two investment 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,173 shares of company stock worth $8,724,406 over the last three months. 0.15% of the stock is currently owned by company insiders.

RTX Price Performance

RTX stock opened at $173.00 on Wednesday. The stock has a market capitalization of $231.57 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.98 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $178.76. 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’s 50 day moving average price is $159.66 and its two-hundred day moving average price is $146.50.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. RTX’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

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.