Phoenix Financial Ltd. Acquires 4,020 Shares of RTX Corporation $RTX

Phoenix Financial Ltd. lifted its holdings in shares of RTX Corporation (NYSE:RTX) by 112.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,609 shares of the company’s stock after acquiring an additional 4,020 shares during the quarter. Phoenix Financial Ltd.’s holdings in RTX were worth $1,110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RTX. Brighton Jones LLC grew its stake in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC grew its stake in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares during the period. GAMMA Investing LLC grew its stake in RTX by 12.8% in the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock worth $4,163,000 after purchasing an additional 3,561 shares during the period. JFS Wealth Advisors LLC grew its stake in RTX by 9.3% in the first quarter. JFS Wealth Advisors LLC now owns 3,426 shares of the company’s stock worth $454,000 after purchasing an additional 292 shares during the period. Finally, GHP Investment Advisors Inc. grew its stake in RTX by 0.6% in the first quarter. GHP Investment Advisors Inc. now owns 131,324 shares of the company’s stock worth $17,395,000 after purchasing an additional 822 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RTX. Citigroup upped 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. Susquehanna upped their price target on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein upped their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Bank of America increased their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley upped 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. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $164.13.

RTX Trading Up 7.6%

RTX stock opened at $173.00 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a one year low of $112.27 and a one year high of $178.76. The stock has a market capitalization of $231.57 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.98 and a beta of 0.66. The business’s fifty day moving average is $159.66 and its 200 day moving average is $146.50.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same period last year, the firm posted $1.45 earnings per share. RTX’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on 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 filing with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on 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 sale, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,173 shares of company stock valued at $8,724,406. 0.15% of the stock is currently owned by corporate insiders.

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.