Howard Capital Management Inc. Has $1.46 Million Stock Position in RTX Corporation $RTX

Howard Capital Management Inc. boosted its position in shares of RTX Corporation (NYSE:RTX) by 18.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,969 shares of the company’s stock after purchasing an additional 1,531 shares during the period. Howard Capital Management Inc.’s holdings in RTX were worth $1,456,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in RTX in the first quarter worth approximately $26,000. PFS Partners LLC boosted its holdings in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new stake in RTX in the first quarter worth $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX in the first quarter worth $44,000. Finally, Briaud Financial Planning Inc boosted its holdings in RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $178.76 on Wednesday. The business has a 50 day moving average price of $162.06 and a 200 day moving average price of $148.59. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. The company has a market cap of $239.67 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.11 and a beta of 0.66. 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 (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating 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 company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the prior year, the business earned $1.45 earnings per share. RTX’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. Research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Activity at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated Monday, August 4th. The shares were 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 owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 51,318 shares of company stock valued at $8,238,388. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RTX. Barclays upped their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday, October 22nd. UBS Group upped their target price on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $178.47.

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.