Stephens Inc. AR Purchases 1,867 Shares of RTX Corporation $RTX

Stephens Inc. AR grew its stake in RTX Corporation (NYSE:RTX) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 103,400 shares of the company’s stock after purchasing an additional 1,867 shares during the period. Stephens Inc. AR’s holdings in RTX were worth $15,098,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RTX. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the first quarter valued at approximately $26,000. PFS Partners LLC lifted 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 valued at $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of RTX in the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX in the first quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of RTX in the first quarter valued at approximately $50,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. Susquehanna increased their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research report on Monday, July 21st. UBS Group increased their price target on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Two 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 company. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $164.13.

Insiders Place Their Bets

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares of the company’s stock, valued at $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 through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on 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 owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,635 shares of company stock valued at $8,947,010. Company insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $158.04 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The business has a fifty day simple moving average of $159.20 and a two-hundred day simple moving average of $146.01. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $170.85. The company has a market capitalization of $211.55 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.93 and a beta of 0.66.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) 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 business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the business posted $1.41 earnings per share. The business’s revenue for the quarter 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 expect that RTX Corporation will post 6.11 earnings per share 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.