Louisiana State Employees Retirement System Has $10.29 Million Stock Position in RTX Corporation $RTX

Louisiana State Employees Retirement System lowered its stake in RTX Corporation (NYSE:RTX) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,500 shares of the company’s stock after selling 1,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in RTX were worth $10,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RTX. Brighton Jones LLC grew its position in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC boosted its stake in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after acquiring an additional 159 shares during the last quarter. Baldwin Wealth Partners LLC MA bought a new position in RTX during the 1st quarter worth approximately $222,000. Tounjian Advisory Partners LLC acquired a new stake in RTX in the first quarter worth $534,000. Finally, Requisite Capital Management LLC acquired a new stake in RTX in the first quarter worth $234,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.4%

Shares of RTX stock opened at $169.48 on Wednesday. The firm has a market cap of $226.86 billion, a PE ratio of 37.25, a P/E/G ratio of 3.11 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.36. The business’s 50 day simple moving average is $158.69 and its 200 day simple moving average is $144.45. 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 (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period last year, the business earned $1.41 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RTX has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Saturday, September 27th. Sanford C. Bernstein boosted their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday. Bank of America boosted their target price on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Finally, Barclays raised their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.47.

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.