Ritholtz Wealth Management Buys 5,621 Shares of RTX Corporation $RTX

Ritholtz Wealth Management boosted its position in RTX Corporation (NYSE:RTXFree Report) by 15.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 42,758 shares of the company’s stock after acquiring an additional 5,621 shares during the quarter. Ritholtz Wealth Management’s holdings in RTX were worth $6,244,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PFS Partners LLC grew its position in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC acquired a new position in RTX during the first quarter worth $26,000. Summit Securities Group LLC bought a new position in shares of RTX in the first quarter valued at $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the first quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of RTX during the first quarter valued at about $50,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Susquehanna upped their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Citigroup raised their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report 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. Finally, Morgan Stanley increased their price target on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research 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 issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

Check Out Our Latest Research Report on RTX

Insider Transactions at RTX

In other news, 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 completion of the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,635 shares of company stock valued at $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $159.45 on Wednesday. The company has a market capitalization of $213.43 billion, a PE ratio of 35.04, a PEG ratio of 2.95 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $159.09 and its 200-day moving average price is $145.39. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85.

RTX (NYSE:RTXGet Free Report) last released 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 company had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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