BayBridge Capital Group LLC Has $1.63 Million Stock Holdings in RTX Corporation $RTX

BayBridge Capital Group LLC grew its holdings in RTX Corporation (NYSE:RTX) by 1.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,133 shares of the company’s stock after acquiring an additional 133 shares during the period. RTX comprises 1.0% of BayBridge Capital Group LLC’s holdings, making the stock its 29th biggest position. BayBridge Capital Group LLC’s holdings in RTX were worth $1,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the first quarter worth approximately $26,000. PFS Partners LLC increased its holdings in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC purchased a new stake in shares of RTX during the first quarter worth about $40,000. McClarren Financial Advisors Inc. purchased a new stake in RTX during the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in RTX during the first quarter worth about $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $163.50 on Friday. The firm has a market capitalization of $218.85 billion, a P/E ratio of 35.93, a P/E/G ratio of 3.01 and a beta of 0.67. The company’s fifty day moving average price is $156.93 and its two-hundred day moving average price is $142.75. 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 12 month low of $112.27 and a 12 month high of $165.35.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period last year, the firm posted $1.41 earnings per share. The business’s revenue 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, research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RTX has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Barclays increased their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Sanford C. Bernstein lifted their target price on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.87.

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.