Centerpoint Advisors LLC Has $72,000 Stake in RTX Corporation $RTX

Centerpoint Advisors LLC trimmed its position in RTX Corporation (NYSE:RTX) by 29.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 496 shares of the company’s stock after selling 206 shares during the quarter. Centerpoint Advisors LLC’s holdings in RTX were worth $72,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RTX. MorganRosel Wealth Management LLC acquired a new position in shares of RTX in the first quarter valued at $26,000. PFS Partners LLC raised its stake in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC acquired 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 in the first quarter valued at $44,000. Finally, Briaud Financial Planning Inc raised its stake in shares of RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on RTX shares. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. 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. Sanford C. Bernstein upped their price target on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price target on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on 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 sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction 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 sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,469 shares of company stock worth $7,364,841. Insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $179.31 on Tuesday. The stock’s fifty day moving average is $161.56 and its 200-day moving average is $148.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market capitalization of $240.42 billion, a PE ratio of 36.82, a PEG ratio of 3.12 and a beta of 0.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $180.50.

RTX (NYSE:RTX) last announced 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. The company had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX 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.