Kiker Wealth Management LLC Increases Holdings in RTX Corporation $RTX

Kiker Wealth Management LLC increased its holdings in shares of RTX Corporation (NYSE:RTX) by 19.0% in the second quarter, Holdings Channel reports. The firm owned 463 shares of the company’s stock after acquiring an additional 74 shares during the period. Kiker Wealth Management LLC’s holdings in RTX were worth $68,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bay Capital Advisors LLC purchased a new stake in RTX during the 1st quarter worth $224,000. Dynamic Advisor Solutions LLC boosted its position in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock worth $4,591,000 after purchasing an additional 2,686 shares during the period. Brookwood Investment Group LLC purchased a new stake in RTX during the 1st quarter worth $1,288,000. LBP AM SA boosted its position in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after buying an additional 41,990 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after buying an additional 5,356 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $158.83 on Tuesday. The firm has a market cap of $212.59 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The firm’s 50-day simple moving average is $159.02 and its 200-day simple moving average is $145.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $170.85.

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

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the firm’s 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 transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was 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 directly owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RTX shares. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Citigroup upped their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Morgan Stanley upped their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

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.