RTX Corporation $RTX Shares Acquired by Childress Capital Advisors LLC

Childress Capital Advisors LLC lifted its stake in shares of RTX Corporation (NYSE:RTX) by 11.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,530 shares of the company’s stock after purchasing an additional 563 shares during the quarter. Childress Capital Advisors LLC’s holdings in RTX were worth $808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RTX. Brighton Jones LLC boosted its holdings 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 purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of 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 purchasing an additional 159 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of RTX by 159,475.0% during the 1st quarter. NBC Securities Inc. now owns 12,766 shares of the company’s stock worth $1,690,000 after purchasing an additional 12,758 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of RTX by 14.4% during the 1st quarter. Merit Financial Group LLC now owns 72,919 shares of the company’s stock worth $9,659,000 after purchasing an additional 9,151 shares during the last quarter. Finally, Capital Asset Advisory Services LLC boosted its holdings in shares of RTX by 4.9% during the 1st quarter. Capital Asset Advisory Services LLC now owns 29,351 shares of the company’s stock worth $3,908,000 after purchasing an additional 1,369 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company’s stock.

RTX Stock Up 2.2%

Shares of NYSE RTX opened at $167.31 on Wednesday. The firm has a market cap of $223.95 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 3.02 and a beta of 0.67. 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. The business’s 50 day moving average is $157.53 and its two-hundred day moving average is $143.25.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share 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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. The company’s 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 predict that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on RTX. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. The Goldman Sachs Group upped their price objective on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Morgan Stanley upped their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Sanford C. Bernstein upped their price objective on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.87.

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.