Hardy Reed LLC Raises Holdings in RTX Corporation $RTX

Hardy Reed LLC lifted its position in shares of RTX Corporation (NYSE:RTX) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,148 shares of the company’s stock after purchasing an additional 110 shares during the period. Hardy Reed LLC’s holdings in RTX were worth $606,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in RTX in the first quarter valued at approximately $26,000. PFS Partners LLC boosted its stake in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC acquired a new stake in RTX during the 1st quarter worth $40,000. McClarren Financial Advisors Inc. purchased a new position in RTX during the 1st quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in RTX in the first quarter valued at $50,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RTX shares. Morgan Stanley increased their target price on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Barclays upped their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a research 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 assigned a Hold rating to the company. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $160.47.

Insider Buying and Selling

In other 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 transaction of $4,149,426.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was 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 represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last 90 days. 0.15% of the stock is owned by corporate insiders.

RTX Trading Up 1.5%

Shares of RTX stock opened at $169.03 on Tuesday. The business’s fifty day moving average price is $158.44 and its 200 day moving average price is $144.27. The firm has a market capitalization of $226.25 billion, a PE ratio of 37.15, a P/E/G ratio of 3.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $169.75.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The company 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 business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Company 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.