RTX Corporation $RTX Shares Sold by Bill Few Associates Inc.

Bill Few Associates Inc. trimmed its position in shares of RTX Corporation (NYSE:RTX) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 3,548 shares of the company’s stock after selling 153 shares during the quarter. Bill Few Associates Inc.’s holdings in RTX were worth $518,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bay Capital Advisors LLC acquired a new position in RTX during the first quarter worth $224,000. Dynamic Advisor Solutions LLC lifted its stake in RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock worth $4,591,000 after purchasing an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC purchased a new stake in shares of RTX during the first quarter worth $1,288,000. LBP AM SA increased its position in shares of RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after acquiring an additional 41,990 shares during the period. Finally, Arizona State Retirement System increased its position in shares of RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after acquiring an additional 5,356 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE:RTX opened at $157.64 on Monday. The firm has a market capitalization of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The business’s fifty day moving average price is $159.00 and its 200 day moving average price is $145.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85.

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 for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 earnings per share. 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.

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated 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 sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% 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 Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RTX shares. 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 report on Monday, June 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research report on Monday, July 21st. UBS Group upped their price objective on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Susquehanna upped their price objective on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Two equities research 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’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $164.13.

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.