RTX Corporation $RTX Stock Holdings Lessened by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC lowered its stake in RTX Corporation (NYSE:RTX) by 16.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,640 shares of the company’s stock after selling 514 shares during the period. Mascoma Wealth Management LLC’s holdings in RTX were worth $385,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bay Capital Advisors LLC purchased a new position in RTX during the 1st quarter worth approximately $224,000. Dynamic Advisor Solutions LLC grew its position in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock worth $4,591,000 after purchasing an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC purchased a new position in RTX during the 1st quarter worth approximately $1,288,000. LBP AM SA grew its position in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after purchasing an additional 41,990 shares in the last quarter. Finally, Arizona State Retirement System grew its position in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after purchasing an additional 5,356 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on RTX shares. Morgan Stanley lifted their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup lifted their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Bank of America upped their price target on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, 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 research note on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $158.87.

RTX Trading Up 0.1%

NYSE RTX opened at $166.73 on Friday. The company has a market capitalization of $223.18 billion, a PE ratio of 36.64, a price-to-earnings-growth 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 firm’s fifty day simple moving average is $158.18 and its 200-day simple moving average is $143.95. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

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. The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. RTX’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, 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 sold a total of 56,635 shares of company stock valued at $8,947,010 in the last three months. 0.15% of the stock is currently owned by company 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.