Legal Advantage Investments Inc. Acquires 5,366 Shares of RTX Corporation $RTX

Legal Advantage Investments Inc. boosted its holdings in RTX Corporation (NYSE:RTX) by 25.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,493 shares of the company’s stock after acquiring an additional 5,366 shares during the quarter. RTX accounts for approximately 1.8% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 22nd biggest holding. Legal Advantage Investments Inc.’s holdings in RTX were worth $3,868,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new position in RTX in the 1st quarter valued at about $26,000. PFS Partners LLC lifted its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of RTX during the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX during the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of RTX during the 1st quarter worth approximately $50,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 in the last three months. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on RTX. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 target price on shares of RTX in a research report on Wednesday. Morgan Stanley lifted their target price on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group lifted their target price on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Susquehanna lifted their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada reissued 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

RTX Trading Down 2.8%

NYSE:RTX opened at $157.64 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.66. The firm’s 50 day moving average is $159.00 and its 200 day moving average is $145.03. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the business earned $1.41 EPS. RTX’s revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current 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.