RTX Corporation $RTX Position Raised by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in shares of RTX Corporation (NYSE:RTX) by 10.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 212,273 shares of the company’s stock after acquiring an additional 19,668 shares during the period. QRG Capital Management Inc.’s holdings in RTX were worth $30,996,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RTX. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the first quarter valued at approximately $26,000. PFS Partners LLC grew its holdings in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares in the last quarter. Summit Securities Group LLC acquired a new stake in RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX during the 1st quarter valued at $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in RTX during the 1st quarter worth $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $166.73 on Friday. The stock has a market capitalization of $223.18 billion, a P/E ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $168.28. The business’s fifty day moving average is $158.18 and its two-hundred day moving average is $143.89. 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 released its quarterly earnings data 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. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was 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 in the company, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction dated 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 sale, the vice president directly owned 30,004 shares of the company’s stock, valued at $4,686,624.80. This represents a 22.49% 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 worth $8,947,010 in the last three months. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on RTX shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Susquehanna increased their target price on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Barclays boosted their price target on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Sanford C. Bernstein upped their price target on shares of RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. Finally, UBS Group upped their price objective on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

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.