Trust Investment Advisors Lowers Holdings in RTX Corporation $RTX

Trust Investment Advisors reduced its position in shares of RTX Corporation (NYSE:RTX) by 15.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,010 shares of the company’s stock after selling 2,413 shares during the quarter. RTX comprises about 1.2% of Trust Investment Advisors’ portfolio, making the stock its 22nd biggest position. Trust Investment Advisors’ holdings in RTX were worth $1,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. Vanguard Group Inc. increased its stake in shares of RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after buying an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in RTX by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after acquiring an additional 104,139 shares during the period. Invesco Ltd. grew its holdings in RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after acquiring an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP increased its position in RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock valued at $1,021,623,000 after purchasing an additional 65,493 shares during the period. Finally, Nuveen LLC purchased a new position in RTX during the 1st quarter valued at about $916,739,000. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 46,469 shares of company stock worth $7,364,841 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $179.31 on Tuesday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $180.50. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The firm has a market cap of $240.42 billion, a P/E ratio of 36.82, a P/E/G ratio of 3.12 and a beta of 0.66. The business’s 50 day moving average price is $161.56 and its 200 day moving average price is $148.23.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) 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 firm posted $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, sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RTX. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein upped their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. Finally, Jefferies Financial Group restated 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 assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, RTX has an average rating of “Moderate Buy” and an average price target of $178.47.

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.