Solstein Capital LLC Increases Stock Holdings in RTX Corporation $RTX

Solstein Capital LLC lifted its position in RTX Corporation (NYSE:RTX) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,754 shares of the company’s stock after buying an additional 96 shares during the quarter. Solstein Capital LLC’s holdings in RTX were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Resonant Capital Advisors LLC lifted its holdings in shares of RTX by 14.8% in 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 purchased a new stake in shares of RTX in the second quarter worth about $206,000. Strait & Sound Wealth Management LLC lifted its holdings in shares of RTX by 1.5% in 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. Darden Wealth Group Inc lifted its holdings in shares of RTX by 6.1% in 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. Finally, Waldron Private Wealth LLC lifted its holdings in shares of RTX by 8.1% in the second quarter. Waldron Private Wealth LLC now owns 14,812 shares of the company’s stock worth $2,163,000 after buying an additional 1,108 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Citigroup upped their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Barclays upped their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Susquehanna upped their price objective on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Robert W. Baird set a $203.00 price objective on shares of RTX in a research report on Wednesday. Two 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $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 46,469 shares of company stock valued at $7,364,841 over the last quarter. 0.15% of the stock is owned by corporate insiders.

RTX Stock Down 0.4%

Shares of RTX opened at $178.79 on Monday. The firm has a market cap of $239.72 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.12 and a beta of 0.66. The stock has a 50 day simple moving average of $161.09 and a two-hundred day simple moving average of $147.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $180.50.

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

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.