May Hill Capital LLC Buys 94 Shares of RTX Corporation $RTX

May Hill Capital LLC grew its stake in shares of RTX Corporation (NYSE:RTX) by 3.4% in the second quarter, Holdings Channel reports. The fund owned 2,821 shares of the company’s stock after acquiring an additional 94 shares during the quarter. May Hill Capital LLC’s holdings in RTX were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. Brookwood Investment Group LLC bought a new position in RTX in the 1st quarter worth approximately $1,288,000. LBP AM SA boosted its holdings in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after buying an additional 41,990 shares during the period. Arizona State Retirement System boosted its holdings in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after buying an additional 5,356 shares during the period. Redwood Financial Network Corp bought a new position in RTX in the 1st quarter worth approximately $243,000. Finally, Zuckerman Investment Group LLC boosted its holdings in RTX by 54.1% in the 1st quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock worth $767,000 after buying an additional 2,033 shares during the period. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on 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 directly owned 16,442 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 46,469 shares of company stock valued at $7,364,841. Insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $179.31 on Tuesday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $180.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The stock has a market capitalization of $240.42 billion, a PE ratio of 36.82, a P/E/G ratio of 3.12 and a beta of 0.66. The company’s 50 day simple moving average is $161.56 and its two-hundred day simple moving average is $148.23.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the firm posted $1.45 EPS. The firm’s 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. Analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on RTX. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a report on Saturday. Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Susquehanna increased their target price on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Finally, Barclays increased their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

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.