Carlton Hofferkamp & Jenks Wealth Management LLC Buys New Position in RTX Corporation $RTX

Carlton Hofferkamp & Jenks Wealth Management LLC acquired a new stake in RTX Corporation (NYSE:RTX) in the 2nd quarter, Holdings Channel reports. The firm acquired 1,323 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cornerstone Advisory LLC boosted its position in RTX by 0.9% in the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after buying an additional 64 shares during the last quarter. Briaud Financial Planning Inc lifted its stake in shares of RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares during the period. Gries Financial LLC raised its stake in RTX by 0.7% during the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after buying an additional 69 shares during the period. M3 Advisory Group LLC raised its stake in RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after buying an additional 69 shares during the period. Finally, TrueWealth Advisors LLC raised its stake in RTX by 3.6% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock worth $293,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, insider Shane G. Eddy sold 25,968 shares of RTX 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,469 shares of company stock worth $7,364,841. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RTX. Citigroup raised their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Susquehanna lifted their price target on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Two investment 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

RTX Stock Down 0.4%

NYSE RTX opened at $178.79 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $180.50. The company has a 50 day moving average of $161.09 and a 200-day moving average of $147.55. The company has a market cap of $239.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.20 and a beta of 0.66.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal 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.