Capital Advisors Inc. OK Boosts Stake in RTX Corporation $RTX

Capital Advisors Inc. OK lifted its stake in RTX Corporation (NYSE:RTX) by 8.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,435 shares of the company’s stock after purchasing an additional 1,738 shares during the period. Capital Advisors Inc. OK’s holdings in RTX were worth $3,422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the 1st quarter worth $26,000. PFS Partners LLC increased its stake in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC purchased a new stake in RTX in the 1st quarter worth $40,000. McClarren Financial Advisors Inc. purchased a new stake in RTX in the 1st quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in RTX in the 1st quarter worth $50,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Up 0.1%

RTX opened at $166.73 on Monday. The firm has a 50-day simple moving average of $158.18 and a two-hundred day simple moving average of $144.02. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $168.28. The company has a market capitalization of $223.18 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The business’s revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 in the last quarter. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Morgan Stanley increased their price target on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group increased their price target on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Bank of America increased their price target on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.87.

RTX Company 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.