F&V Capital Management LLC Lowers Stock Holdings in RTX Corporation $RTX

F&V Capital Management LLC reduced its stake in RTX Corporation (NYSE:RTX) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,999 shares of the company’s stock after selling 665 shares during the quarter. RTX comprises 5.7% of F&V Capital Management LLC’s holdings, making the stock its 3rd largest position. F&V Capital Management LLC’s holdings in RTX were worth $22,195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Matauro LLC bought a new position in RTX in the 2nd quarter valued at about $267,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in RTX by 23.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 194,493 shares of the company’s stock valued at $28,400,000 after acquiring an additional 37,439 shares during the period. Jmac Enterprises LLC raised its holdings in RTX by 6.9% in the 2nd quarter. Jmac Enterprises LLC now owns 6,200 shares of the company’s stock valued at $905,000 after acquiring an additional 400 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in RTX by 4.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 21,479 shares of the company’s stock valued at $3,136,000 after acquiring an additional 900 shares during the period. Finally, Kennebec Savings Bank raised its holdings in RTX by 2.3% in the 2nd quarter. Kennebec Savings Bank now owns 7,607 shares of the company’s stock valued at $1,111,000 after acquiring an additional 172 shares during the period. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RTX shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Citigroup increased their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Sanford C. Bernstein increased their target price on shares of RTX from $154.00 to $157.00 and gave the stock 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 given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.87.

RTX Stock Performance

Shares of NYSE:RTX opened at $166.68 on Friday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $168.28. 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 $223.11 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 3.08 and a beta of 0.66. The company’s 50 day simple moving average is $157.98 and its 200 day simple moving average is $143.66.

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

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. Corporate insiders own 0.15% of the company’s stock.

About RTX

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.