Liberty Wealth Management LLC Increases Stock Position in RTX Co. (NYSE:RTX)

Liberty Wealth Management LLC increased its position in shares of RTX Co. (NYSE:RTX) by 317.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,346 shares of the company’s stock after buying an additional 10,908 shares during the period. Liberty Wealth Management LLC’s holdings in RTX were worth $1,440,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RTX. Briaud Financial Planning Inc grew its position in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new stake in shares of RTX in the 2nd quarter valued at about $26,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX in the 2nd quarter valued at about $32,000. Fairman Group LLC bought a new position in shares of RTX during the fourth quarter worth about $38,000. Finally, Beaird Harris Wealth Management LLC grew its stake in RTX by 42.2% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of several research reports. Royal Bank of Canada upped their price objective on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Susquehanna increased their price objective on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and an average target price of $153.47.

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the sale, the vice president now owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Kevin G. Dasilva sold 8,166 shares of RTX stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the transaction, the vice president now directly owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the sale, the vice president now directly owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 over the last three months. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Up 2.3 %

Shares of RTX stock opened at $121.16 on Tuesday. RTX Co. has a 1-year low of $68.56 and a 1-year high of $123.70. The company has a market capitalization of $161.08 billion, a P/E ratio of 47.51, a PEG ratio of 2.08 and a beta of 0.82. The business’s fifty day moving average price is $112.58 and its two-hundred day moving average price is $104.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.11. The business had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 earnings per share. As a group, research analysts forecast that RTX Co. will post 5.45 EPS for the current year.

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.