REAP Financial Group LLC Has $71,000 Holdings in RTX Corporation $RTX

REAP Financial Group LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 74.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 486 shares of the company’s stock after acquiring an additional 207 shares during the quarter. REAP Financial Group LLC’s holdings in RTX were worth $71,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RTX. Gries Financial LLC raised its position in shares of RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after acquiring an additional 69 shares during the last quarter. TrueWealth Advisors LLC raised its position in shares of RTX by 3.6% during 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 last quarter. RMR Wealth Builders raised its position in shares of RTX by 3.6% during 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 last quarter. Verum Partners LLC raised its position in shares of RTX by 1.8% during 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 last quarter. Finally, Hamilton Capital LLC raised its position in shares of RTX by 3.6% during 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 last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 0.5%

NYSE:RTX opened at $168.47 on Thursday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $170.85. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $225.50 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 3.12 and a beta of 0.66. The stock has a 50-day moving average price of $158.89 and a two-hundred day moving average price of $144.61.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The company’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. As a group, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group lifted their price objective on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research note on Wednesday. Finally, Sanford C. Bernstein lifted 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,635 shares of company stock valued at $8,947,010. 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.