Ethic Inc. Purchases 7,593 Shares of RTX Corporation $RTX

Ethic Inc. grew its position in RTX Corporation (NYSE:RTX) by 18.4% during the second quarter, HoldingsChannel.com reports. The firm owned 48,788 shares of the company’s stock after buying an additional 7,593 shares during the quarter. Ethic Inc.’s holdings in RTX were worth $7,058,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bay Capital Advisors LLC bought a new stake in shares of RTX in the first quarter valued at about $224,000. Brookwood Investment Group LLC bought a new stake in RTX during the first quarter worth about $1,288,000. LBP AM SA raised its holdings in RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after acquiring an additional 41,990 shares in the last quarter. Arizona State Retirement System raised its holdings in RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after acquiring an additional 5,356 shares in the last quarter. Finally, Redwood Financial Network Corp bought a new stake in RTX during the first quarter worth about $243,000. 86.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,469 shares of company stock valued at $7,364,841. 0.15% of the stock is owned by insiders.

RTX Price Performance

Shares of NYSE RTX opened at $177.86 on Thursday. The business’s 50 day moving average price is $160.11 and its two-hundred day moving average price is $146.72. The company has a market cap of $238.07 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 3.10 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 Corporation has a twelve month low of $112.27 and a twelve month high of $178.76.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.45% and a net margin of 7.67%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RTX. Citigroup upped their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Susquehanna upped their target price on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday. Bank of America upped their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group upped their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $175.80.

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.