Westhampton Capital LLC Lowers Position in RTX Corporation $RTX

Westhampton Capital LLC cut its holdings in RTX Corporation (NYSE:RTX) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,977 shares of the company’s stock after selling 325 shares during the period. RTX comprises approximately 1.7% of Westhampton Capital LLC’s portfolio, making the stock its 13th biggest holding. Westhampton Capital LLC’s holdings in RTX were worth $3,355,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RTX. Gries Financial LLC grew its holdings in RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after purchasing an additional 69 shares during the period. TrueWealth Advisors LLC boosted its holdings in shares of RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock worth $293,000 after acquiring an additional 70 shares during the period. RMR Wealth Builders boosted its holdings in shares of RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock worth $297,000 after acquiring an additional 70 shares during the period. Verum Partners LLC boosted its holdings in shares of RTX by 1.8% in the second quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock worth $598,000 after acquiring an additional 73 shares during the period. Finally, Hamilton Capital LLC boosted its holdings in shares of RTX by 3.6% in the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company’s stock worth $281,000 after acquiring an additional 74 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Stock Up 0.2%

NYSE RTX opened at $163.74 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock has a market capitalization of $219.17 billion, a PE ratio of 35.99, a PEG ratio of 3.01 and a beta of 0.67. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $168.28. The business’s 50-day moving average is $157.17 and its 200 day moving average is $143.08.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RTX. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. The Goldman Sachs Group raised their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, June 23rd. Susquehanna raised their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein raised their price target on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. raised their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.87.

Insider Buying and Selling at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred 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 sale, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

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.