1,412 Shares in RTX Corporation $RTX Bought by Ballast Advisors LLC

Ballast Advisors LLC purchased a new position in shares of RTX Corporation (NYSE:RTX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,412 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also bought and sold shares of the business. Nuveen LLC purchased a new stake in RTX in the first quarter worth $916,739,000. Goldman Sachs Group Inc. increased its position in RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after buying an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. increased its position in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after buying an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. increased its position in RTX by 1,178.2% in the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after buying an additional 1,117,506 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in RTX in the first quarter worth $130,194,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock opened at $178.79 on Friday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $180.50. The business has a 50-day simple moving average of $161.09 and a 200 day simple moving average of $147.74. The company has a quick ratio of 0.75, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The stock has a market cap of $239.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.19 and a beta of 0.66.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RTX news, 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 transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction dated 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 sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,469 shares of company stock valued at $7,364,841 over the last 90 days. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America lifted their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Robert W. Baird set a $203.00 price target on RTX in a research report on Wednesday. Finally, Susquehanna lifted their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday. Two investment 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 presently has an average rating of “Moderate Buy” and a consensus target price of $175.80.

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.