Armstrong Fleming & Moore Inc Acquires Shares of 2,950 RTX Corporation $RTX

Armstrong Fleming & Moore Inc acquired a new position in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, Holdings Channel reports. The fund acquired 2,950 shares of the company’s stock, valued at approximately $431,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the first quarter valued at $26,000. PFS Partners LLC increased its position in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC bought a new stake in shares of RTX in the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX in the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of RTX during the first quarter valued at approximately $50,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Morgan Stanley increased their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Wednesday. Susquehanna boosted their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Two equities research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

RTX Stock Down 0.5%

RTX stock opened at $168.47 on Thursday. The stock has a market capitalization of $225.50 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85. The business has a 50 day simple moving average of $158.89 and a 200-day simple moving average of $144.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

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

Insider Activity at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares of the company’s stock, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction 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 directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 over the last ninety days. 0.15% of the stock is owned by insiders.

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.