Cypress Capital Group Sells 3,981 Shares of RTX Corporation $RTX

Cypress Capital Group reduced its holdings in RTX Corporation (NYSE:RTX) by 9.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 37,066 shares of the company’s stock after selling 3,981 shares during the period. Cypress Capital Group’s holdings in RTX were worth $5,412,000 as of its most recent filing with the Securities & Exchange Commission.

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

RTX Stock Down 2.8%

NYSE:RTX opened at $157.64 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The company has a market cap of $211.01 billion, a PE ratio of 34.65, a PEG ratio of 2.93 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85. The stock has a 50-day simple moving average of $159.00 and a 200 day simple moving average of $145.11.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The business’s quarterly 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. On average, sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction on 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 transaction, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup boosted their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Sanford C. Bernstein boosted their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Two 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.13.

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.