RTX Corporation $RTX Shares Acquired by RFG Advisory LLC

RFG Advisory LLC grew its stake in RTX Corporation (NYSE:RTX) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,156 shares of the company’s stock after buying an additional 1,160 shares during the period. RFG Advisory LLC’s holdings in RTX were worth $3,089,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RTX. PFS Partners LLC boosted its stake in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in RTX during the 1st quarter worth $26,000. Summit Securities Group LLC acquired a new stake in RTX during the 1st quarter worth $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX during the 1st quarter worth $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in RTX during the 1st quarter worth $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $159.45 on Wednesday. The company has a 50-day simple moving average of $159.09 and a 200-day simple moving average of $145.39. 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 company has a market capitalization of $213.43 billion, a PE ratio of 35.04, a P/E/G ratio of 2.95 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85.

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

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Barclays increased their price target on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $164.13.

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.