Pure Financial Advisors LLC Grows Holdings in RTX Corporation $RTX

Pure Financial Advisors LLC boosted its stake in RTX Corporation (NYSE:RTX) by 149.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,489 shares of the company’s stock after acquiring an additional 25,479 shares during the period. Pure Financial Advisors LLC’s holdings in RTX were worth $6,204,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its position in RTX by 24.3% during 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 grew its stake in shares of RTX by 3.4% in the fourth 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 period. RFG Advisory LLC grew its stake in shares of RTX by 0.5% in the first quarter. RFG Advisory LLC now owns 19,996 shares of the company’s stock worth $2,649,000 after acquiring an additional 95 shares during the period. Smith Anglin Financial LLC bought a new stake in shares of RTX in the first quarter worth approximately $217,000. Finally, Apella Capital LLC grew its position in RTX by 111.7% during the first quarter. Apella Capital LLC now owns 4,975 shares of the company’s stock valued at $639,000 after buying an additional 2,625 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Susquehanna boosted their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Barclays upped their price target 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. Finally, Citigroup upped their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

RTX Trading Up 0.0%

Shares of RTX stock opened at $167.37 on Thursday. The stock’s fifty day moving average is $157.75 and its two-hundred day moving average is $143.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market capitalization of $224.03 billion, a P/E ratio of 36.78, a PEG ratio of 3.08 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $168.28.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the company earned $1.41 EPS. The company’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. Research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Activity

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

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.