Country Club Bank Decreases Holdings in RTX Corporation $RTX

Country Club Bank decreased its position in shares of RTX Corporation (NYSE:RTX) by 3.2% in the second quarter, HoldingsChannel reports. The fund owned 90,115 shares of the company’s stock after selling 2,947 shares during the quarter. RTX makes up 0.8% of Country Club Bank’s portfolio, making the stock its 29th largest position. Country Club Bank’s holdings in RTX were worth $13,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in RTX during the first quarter valued at approximately $26,000. PFS Partners LLC raised its holdings in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of RTX in the first quarter worth $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX in the first quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of RTX in the first quarter worth $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.5%

Shares of NYSE RTX opened at $169.03 on Tuesday. The company’s 50-day simple moving average is $158.44 and its 200-day simple moving average is $144.27. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $169.75. The firm has a market cap of $226.25 billion, a price-to-earnings ratio of 37.15, 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 announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (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 for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter last year, the business earned $1.41 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

RTX has been the subject of several recent research reports. Bank of America raised their target price on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. UBS Group lifted their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Morgan Stanley lifted their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Barclays lifted their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.47.

Insiders Place Their Bets

In other news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by company insiders.

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.