Fortis Capital Advisors LLC Acquires 231 Shares of RTX Corporation $RTX

Fortis Capital Advisors LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,369 shares of the company’s stock after acquiring an additional 231 shares during the quarter. Fortis Capital Advisors LLC’s holdings in RTX were worth $1,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RTX. Nuveen LLC bought a new position in RTX during the 1st quarter worth approximately $916,739,000. Goldman Sachs Group Inc. boosted its stake in RTX by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after acquiring an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. boosted its stake in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in RTX by 1,178.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after acquiring an additional 1,117,506 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in RTX during the 1st quarter worth approximately $130,194,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RTX shares. Barclays lifted their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. The Goldman Sachs Group upped their price target on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Citigroup upped their price target on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. upped their price target on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Susquehanna upped their price target on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $166.73 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $168.28. The company has a market capitalization of $223.18 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The firm’s 50 day moving average is $158.18 and its 200-day moving average is $143.89.

RTX (NYSE:RTX) last posted its quarterly earnings data 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the company earned $1.41 earnings per share. The firm’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. Equities research analysts anticipate that RTX Corporation will post 6.11 earnings per share 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.