Precision Wealth Strategies LLC Acquires Shares of 5,321 RTX Corporation $RTX

Precision Wealth Strategies LLC acquired a new stake in RTX Corporation (NYSE:RTX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,321 shares of the company’s stock, valued at approximately $777,000.

Several other institutional investors have also recently made changes to their positions in RTX. Brighton Jones LLC lifted its holdings in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its position in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. RFG Advisory LLC lifted its holdings in RTX by 0.5% in the first quarter. RFG Advisory LLC now owns 19,996 shares of the company’s stock valued at $2,649,000 after acquiring an additional 95 shares during the period. Smith Anglin Financial LLC purchased a new stake in RTX in the 1st quarter worth approximately $217,000. Finally, Apella Capital LLC grew its stake in shares of RTX by 111.7% during the 1st quarter. Apella Capital LLC now owns 4,975 shares of the company’s stock worth $639,000 after purchasing an additional 2,625 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The shares were 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 of the company’s stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Morgan Stanley raised their target price on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

RTX Stock Up 0.0%

Shares of NYSE RTX opened at $167.37 on Thursday. The firm has a market cap of $224.03 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.66. The company’s 50-day simple moving average is $157.75 and its 200-day simple moving average is $143.42. 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 52-week low of $112.27 and a 52-week high of $168.28.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share 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 firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period last year, the company posted $1.41 EPS. RTX’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. Equities analysts predict that RTX Corporation will post 6.11 EPS 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.