Teacher Retirement System of Texas Has $52.39 Million Stake in RTX Corporation $RTX

Teacher Retirement System of Texas decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 26.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 358,785 shares of the company’s stock after selling 128,741 shares during the quarter. Teacher Retirement System of Texas’ holdings in RTX were worth $52,390,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Cobblestone Capital Advisors LLC NY raised its stake in RTX by 2.8% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 10,977 shares of the company’s stock worth $1,603,000 after acquiring an additional 300 shares in the last quarter. Bessemer Group Inc. raised its stake in RTX by 2.1% during the second quarter. Bessemer Group Inc. now owns 48,617 shares of the company’s stock worth $7,100,000 after acquiring an additional 993 shares in the last quarter. First Command Advisory Services Inc. raised its stake in RTX by 23.6% during the second quarter. First Command Advisory Services Inc. now owns 11,555 shares of the company’s stock worth $1,687,000 after acquiring an additional 2,210 shares in the last quarter. Solstein Capital LLC raised its stake in RTX by 5.8% during the second quarter. Solstein Capital LLC now owns 1,754 shares of the company’s stock worth $256,000 after acquiring an additional 96 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in RTX by 14.8% during the second quarter. Resonant Capital Advisors LLC now owns 10,908 shares of the company’s stock worth $1,593,000 after acquiring an additional 1,409 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several research analyst reports. Robert W. Baird set a $203.00 target price on RTX in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. UBS Group upped their price objective on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley set a $215.00 price objective on RTX and gave the company an “overweight” rating in a research note on Wednesday. Finally, 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. Two investment 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 stock. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $175.80.

Insider Buying and Selling at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the 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 sale, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,469 shares of company stock valued at $7,364,841. 0.15% of the stock is currently owned by company insiders.

RTX Stock Performance

NYSE:RTX opened at $178.79 on Monday. The company has a market capitalization of $239.72 billion, a PE ratio of 36.71, a P/E/G ratio of 3.12 and a beta of 0.66. The company has a 50 day simple moving average of $161.09 and a two-hundred day simple moving average of $147.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $180.50.

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

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.