Ameritas Advisory Services LLC Has $3.06 Million Stake in RTX Corporation $RTX

Ameritas Advisory Services LLC boosted its stake in RTX Corporation (NYSE:RTX) by 33.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 20,976 shares of the company’s stock after buying an additional 5,230 shares during the period. Ameritas Advisory Services LLC’s holdings in RTX were worth $3,063,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RTX. Nuveen LLC acquired a new stake in RTX in the 1st quarter valued at $916,739,000. Goldman Sachs Group Inc. boosted its stake in RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after buying an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. boosted its stake in RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after buying an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in RTX in the 1st quarter valued at $130,194,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. Susquehanna boosted their price objective on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein boosted their price objective on RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.87.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.

RTX Trading Up 0.1%

RTX stock opened at $166.73 on Friday. The company has a market cap of $223.18 billion, a P/E ratio of 36.64, a PEG ratio of 3.07 and a beta of 0.66. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $158.18 and a 200-day moving average of $143.89.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts expect that RTX Corporation will post 6.11 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.