Oppenheimer & Co. Inc. Has $15.09 Million Stake in RTX Co. (NYSE:RTX)

Oppenheimer & Co. Inc. boosted its holdings in RTX Co. (NYSE:RTX) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 150,275 shares of the company’s stock after purchasing an additional 4,365 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in RTX were worth $15,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. Briaud Financial Planning Inc grew its holdings in 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 purchased a new stake in RTX in the second quarter worth $26,000. Mizuho Securities Co. Ltd. purchased a new stake in RTX in the 2nd quarter worth about $32,000. Fairman Group LLC bought a new position in RTX during the fourth quarter worth about $38,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of 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 own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $120.10 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market capitalization of $159.76 billion, a price-to-earnings ratio of 47.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. RTX Co. has a one year low of $68.56 and a one year high of $123.70. The company’s 50-day moving average is $113.73 and its 200 day moving average is $105.06.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The firm had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same period in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Sell-side analysts expect that RTX Co. will post 5.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RTX has been the subject of several analyst reports. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a research note on Tuesday, July 30th. The Goldman Sachs Group boosted their price target on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Melius Research lifted their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, RTX has an average rating of “Hold” and an average target price of $157.31.

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now directly owns 88,509 shares in the company, valued at $10,090,026. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock worth $20,861,880 in the last 90 days. 0.13% of the stock is currently owned by insiders.

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.