RTX Corporation $RTX Position Lowered by Wealth Architects LLC

Wealth Architects LLC reduced its position in RTX Corporation (NYSE:RTX) by 27.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,614 shares of the company’s stock after selling 3,272 shares during the quarter. Wealth Architects LLC’s holdings in RTX were worth $1,258,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of RTX. Brighton Jones LLC raised its position in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of RTX by 12.8% during the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock worth $4,163,000 after purchasing an additional 3,561 shares during the period. Goldstone Financial Group LLC raised its holdings in shares of RTX by 8.8% during the first quarter. Goldstone Financial Group LLC now owns 2,829 shares of the company’s stock worth $375,000 after purchasing an additional 229 shares during the period. Finally, Motive Wealth Advisors bought a new position in shares of RTX in the 1st quarter worth about $207,000. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction on 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 completion of the sale, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 in the last quarter. 0.15% of the stock is currently owned by corporate insiders.

RTX Stock Performance

Shares of RTX opened at $157.64 on Monday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85. The firm has a market capitalization of $211.01 billion, a PE ratio of 34.65, a P/E/G ratio of 2.93 and a beta of 0.66. The firm has a 50-day moving average price of $159.00 and a 200 day moving average price of $145.11. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last issued its quarterly 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. The company had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’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 business posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RTX shares. Sanford C. Bernstein boosted their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Wall Street Zen cut RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Two 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.