Ashton Thomas Private Wealth LLC Has $10.37 Million Position in RTX Corporation $RTX

Ashton Thomas Private Wealth LLC lowered its holdings in shares of RTX Corporation (NYSE:RTX) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,003 shares of the company’s stock after selling 3,753 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in RTX were worth $10,368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Solstein Capital LLC boosted its stake in RTX by 5.8% during the second quarter. Solstein Capital LLC now owns 1,754 shares of the company’s stock worth $256,000 after buying an additional 96 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in RTX by 14.8% during the second quarter. Resonant Capital Advisors LLC now owns 10,908 shares of the company’s stock worth $1,593,000 after buying an additional 1,409 shares in the last quarter. Ballast Advisors LLC acquired a new stake in RTX during the second quarter worth $206,000. Strait & Sound Wealth Management LLC boosted its stake in RTX by 1.5% during the second quarter. Strait & Sound Wealth Management LLC now owns 10,691 shares of the company’s stock worth $1,561,000 after buying an additional 157 shares in the last quarter. Finally, Darden Wealth Group Inc boosted its stake in RTX by 6.1% during the second quarter. Darden Wealth Group Inc now owns 10,927 shares of the company’s stock worth $1,596,000 after buying an additional 632 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock opened at $178.79 on Monday. The stock has a 50-day simple moving average of $161.09 and a 200 day simple moving average of $147.87. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $180.50. The stock has a market capitalization of $239.72 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 3.12 and a beta of 0.66.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 posted $1.45 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Activity at RTX

In related news, 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 completion of the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,469 shares of company stock valued at $7,364,841 over the last ninety days. 0.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Bank of America boosted their target price on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. UBS Group boosted their target price on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Morgan Stanley set a $215.00 target price on shares of RTX and gave the company an “overweight” rating in a research note on Wednesday. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.