Optas LLC Buys 416 Shares of RTX Corporation $RTX

Optas LLC lifted its stake in RTX Corporation (NYSE:RTX) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,629 shares of the company’s stock after acquiring an additional 416 shares during the quarter. Optas LLC’s holdings in RTX were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RTX. Nuveen LLC bought a new stake in RTX during the first quarter valued at approximately $916,739,000. Goldman Sachs Group Inc. grew its position in RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after buying an additional 1,394,918 shares during the period. Vanguard Group Inc. grew its position in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after buying an additional 1,357,328 shares during the period. 1832 Asset Management L.P. grew its position in RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after buying an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new stake in RTX during the first quarter valued at approximately $130,194,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 0.5%

Shares of RTX opened at $168.47 on Thursday. The company’s fifty day moving average is $158.89 and its 200 day moving average is $144.61. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The stock has a market capitalization of $225.50 billion, a PE ratio of 37.03, a P/E/G ratio of 3.12 and a beta of 0.66. 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 announced 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 for the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. RTX’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. Sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the subject of several recent research reports. Barclays boosted their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Sanford C. Bernstein lifted their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.13.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president directly 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. In the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by company insiders.

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.