RTX Corporation $RTX Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp decreased its stake in shares of RTX Corporation (NYSE:RTX) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 257,749 shares of the company’s stock after selling 7,039 shares during the period. RTX makes up 1.2% of Heritage Investors Management Corp’s portfolio, making the stock its 21st biggest position. Heritage Investors Management Corp’s holdings in RTX were worth $37,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brookwood Investment Group LLC bought a new position in shares of RTX during the 1st quarter valued at about $1,288,000. LBP AM SA boosted its position in shares of RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after purchasing an additional 41,990 shares in the last quarter. Arizona State Retirement System boosted its position in shares of RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after purchasing an additional 5,356 shares in the last quarter. Redwood Financial Network Corp bought a new position in shares of RTX during the 1st quarter valued at about $243,000. Finally, Zuckerman Investment Group LLC boosted its position in shares of RTX by 54.1% during the 1st quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock valued at $767,000 after purchasing an additional 2,033 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 51,318 shares of company stock worth $8,238,388. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group raised their target price on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, Bank of America increased their target price on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

RTX Price Performance

NYSE RTX opened at $176.28 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $236.35 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 2.83 and a beta of 0.66. The company has a 50 day moving average price of $162.45 and a two-hundred day moving average price of $148.93. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 earnings per share 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.