Lodestar Private Asset Management LLC Increases Stock Position in RTX Corporation $RTX

Lodestar Private Asset Management LLC lifted its holdings in RTX Corporation (NYSE:RTX) by 9.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,788 shares of the company’s stock after buying an additional 155 shares during the period. Lodestar Private Asset Management LLC’s holdings in RTX were worth $261,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC increased its holdings in shares of RTX by 18.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 198,621 shares of the company’s stock worth $29,085,000 after buying an additional 30,557 shares during the last quarter. Sovereign Financial Group Inc. increased its holdings in shares of RTX by 2.4% in the 2nd quarter. Sovereign Financial Group Inc. now owns 5,960 shares of the company’s stock worth $870,000 after buying an additional 141 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of RTX by 1.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 69,419 shares of the company’s stock worth $10,137,000 after buying an additional 1,101 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of RTX by 9.9% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 37,895 shares of the company’s stock worth $5,533,000 after buying an additional 3,414 shares during the last quarter. Finally, Investment Advisory Group LLC increased its holdings in shares of RTX by 5.4% in the 2nd quarter. Investment Advisory Group LLC now owns 3,734 shares of the company’s stock worth $545,000 after buying an additional 192 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of RTX stock opened at $157.64 on Monday. 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 company has a market capitalization of $211.01 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.93 and a beta of 0.66. The company’s 50-day simple moving average is $159.00 and its two-hundred day simple moving average is $145.11. RTX Corporation has a one year low of $112.27 and a one year high of $170.85.

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

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider owned 17,684 shares in the company, valued at approximately $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. Over the last three months, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on RTX. The Goldman Sachs Group boosted their target price on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. UBS Group boosted their target price on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Susquehanna upped their price target on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Morgan Stanley upped their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

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.