RTX Corporation $RTX Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors lessened its holdings in RTX Corporation (NYSE:RTX) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,731 shares of the company’s stock after selling 215 shares during the quarter. RTX accounts for approximately 0.8% of Optimum Investment Advisors’ holdings, making the stock its 22nd largest holding. Optimum Investment Advisors’ holdings in RTX were worth $1,859,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisory LLC raised its stake in shares of RTX by 0.9% in the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after purchasing an additional 64 shares during the last quarter. Briaud Financial Planning Inc raised its stake in shares of RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Gries Financial LLC raised its stake in shares of RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after purchasing an additional 69 shares during the last quarter. M3 Advisory Group LLC raised its stake in shares of RTX by 2.7% in the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after purchasing an additional 69 shares during the last quarter. Finally, TrueWealth Advisors LLC raised its stake in shares of RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock worth $293,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.4%

Shares of RTX stock opened at $178.79 on Friday. The stock has a 50 day moving average of $161.09 and a 200 day moving average of $147.74. The company has a current ratio of 1.07, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The stock has a market cap of $239.72 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.19 and a beta of 0.66. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $180.50.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same period last year, the company earned $1.45 earnings per share. RTX’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. UBS Group raised their price objective on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Robert W. Baird set a $203.00 price target on RTX in a research report on Wednesday. Finally, Bank of America lifted their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Two 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $175.80.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,469 shares of company stock valued at $7,364,841. Company insiders own 0.15% of the company’s stock.

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.