KRS Capital Management LLC Has $727,000 Holdings in RTX Corporation $RTX

KRS Capital Management LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 8.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,978 shares of the company’s stock after selling 449 shares during the quarter. KRS Capital Management LLC’s holdings in RTX were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. PFS Partners LLC increased its holdings in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC bought a new position in shares of RTX during the first quarter worth approximately $26,000. Summit Securities Group LLC bought a new position in shares of RTX during the first quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX during the first quarter worth approximately $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of RTX during the first quarter worth approximately $50,000. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

RTX has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Susquehanna lifted their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. 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 report on Monday. Finally, Bank of America upped their price objective on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

RTX Price Performance

RTX stock opened at $162.08 on Friday. 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 company has a market capitalization of $216.95 billion, a PE ratio of 35.62, a P/E/G ratio of 3.11 and a beta of 0.66. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85. The stock has a 50-day moving average price of $158.98 and a two-hundred day moving average price of $144.80.

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

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider 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 ninety days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

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.