RTX Corporation $RTX is Broderick Brian C’s 10th Largest Position

Broderick Brian C trimmed its holdings in RTX Corporation (NYSE:RTX) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 109,777 shares of the company’s stock after selling 5,125 shares during the quarter. RTX accounts for approximately 3.2% of Broderick Brian C’s investment portfolio, making the stock its 10th biggest holding. Broderick Brian C’s holdings in RTX were worth $16,030,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new position in RTX during the first quarter valued at approximately $26,000. PFS Partners LLC grew its stake in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC purchased a new position in shares of RTX during the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX in the 1st quarter valued at $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in RTX during the first quarter worth $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE:RTX opened at $169.48 on Wednesday. The stock has a 50 day moving average of $158.69 and a two-hundred day moving average of $144.45. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.36. The firm has a market cap of $226.86 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66. 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 released its 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. 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 the consensus estimate of $20.68 billion. During the same quarter last year, the business posted $1.41 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Monday, July 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Sanford C. Bernstein upped their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday. Citigroup raised 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, Bank of America boosted their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $160.47.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction dated 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 completion of the sale, the vice president 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is 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.