Trust Investment Advisors Cuts Stake in RTX Corporation $RTX

Trust Investment Advisors lessened its stake in RTX Corporation (NYSE:RTX) by 15.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,010 shares of the company’s stock after selling 2,413 shares during the quarter. RTX makes up about 1.2% of Trust Investment Advisors’ investment portfolio, making the stock its 22nd largest position. Trust Investment Advisors’ holdings in RTX were worth $1,900,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTX. MorganRosel Wealth Management LLC purchased a new stake in RTX in the 1st quarter worth $26,000. PFS Partners LLC grew its position in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of RTX in the first quarter worth about $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX in the first quarter worth about $44,000. Finally, Briaud Financial Planning Inc boosted its stake in RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction 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 completion of the sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 46,469 shares of company stock valued at $7,364,841. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RTX. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird set a $203.00 price objective on shares of RTX in a research note on Wednesday, October 22nd. Susquehanna boosted their target price on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased their price target on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $178.47.

RTX Price Performance

RTX stock opened at $179.31 on Tuesday. The stock has a market cap of $240.42 billion, a PE ratio of 36.82, a P/E/G ratio of 3.12 and a beta of 0.66. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $180.50. The company has a 50-day moving average price of $161.56 and a 200 day moving average price of $148.23. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The firm’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. Equities research analysts anticipate 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.