AdviceOne Advisory Services LLC Purchases 4,549 Shares of RTX Corporation $RTX

AdviceOne Advisory Services LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 0.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 554,604 shares of the company’s stock after acquiring an additional 4,549 shares during the quarter. RTX comprises approximately 59.8% of AdviceOne Advisory Services LLC’s portfolio, making the stock its biggest holding. AdviceOne Advisory Services LLC’s holdings in RTX were worth $80,983,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. PFS Partners LLC lifted its position in RTX by 101.1% in 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 last quarter. MorganRosel Wealth Management LLC acquired a new position in RTX in the first quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in RTX in the first quarter valued at about $40,000. McClarren Financial Advisors Inc. acquired a new position in RTX in the first quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in RTX in the first quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 2.8%

RTX stock opened at $157.64 on Friday. The company’s 50 day moving average price is $159.00 and its 200 day moving average price is $145.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The firm has a market capitalization of $211.01 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.91 and a beta of 0.66.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $1.41 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 transaction of $4,149,426.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last three months. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 target price on shares of RTX in a research report on Wednesday. The Goldman Sachs Group increased their price target on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Morgan Stanley increased their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Bank of America increased their price target on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.13.

RTX 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.