RTX Corporation $RTX is Valley Brook Capital Group Inc.’s 10th Largest Position

Valley Brook Capital Group Inc. decreased its holdings in RTX Corporation (NYSE:RTX) by 0.7% in the second quarter, HoldingsChannel.com reports. The fund owned 20,381 shares of the company’s stock after selling 153 shares during the period. RTX comprises about 2.2% of Valley Brook Capital Group Inc.’s portfolio, making the stock its 10th largest holding. Valley Brook Capital Group Inc.’s holdings in RTX were worth $2,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new position in shares of RTX during the first quarter valued at $26,000. PFS Partners LLC lifted its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of RTX during the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX during the 1st quarter valued at about $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in RTX in the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Wednesday. Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Morgan Stanley upped their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein upped their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Finally, The Goldman Sachs Group upped their price objective on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $157.64 on Friday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85. The stock has a market capitalization of $211.01 billion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 2.91 and a beta of 0.66. The stock has a fifty day simple moving average of $159.00 and a two-hundred day simple moving average of $145.03. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last issued its quarterly earnings data 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the prior year, the business posted $1.41 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

About RTX

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.