RTX Corporation $RTX Shares Acquired by Heck Capital Advisors LLC

Heck Capital Advisors LLC boosted its stake in RTX Corporation (NYSE:RTX) by 6.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,626 shares of the company’s stock after buying an additional 664 shares during the period. Heck Capital Advisors LLC’s holdings in RTX were worth $1,552,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of RTX by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after buying an additional 104,139 shares during the period. Invesco Ltd. boosted its stake in RTX by 1.5% during the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock valued at $1,365,969,000 after buying an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in RTX by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares during the period. Finally, Nuveen LLC bought a new stake in RTX in the first quarter worth about $916,739,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX opened at $166.73 on Monday. The firm has a market capitalization of $223.18 billion, a P/E ratio of 36.64, a PEG ratio of 3.07 and a beta of 0.66. The stock has a fifty day moving average of $158.18 and a 200-day moving average of $144.02. 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 12-month low of $112.27 and a 12-month high of $168.28.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for 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%.RTX’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Morgan Stanley upped their price target on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. UBS Group increased their price objective on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Barclays lifted their target price on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to 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.