WMG Financial Advisors LLC Buys Shares of 1,523 RTX Corporation $RTX

WMG Financial Advisors LLC bought a new stake in RTX Corporation (NYSE:RTX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,523 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Gries Financial LLC lifted its position in RTX by 0.7% during the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after buying an additional 69 shares in the last quarter. TrueWealth Advisors LLC lifted its position in RTX by 3.6% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock worth $293,000 after buying an additional 70 shares in the last quarter. RMR Wealth Builders lifted its position in RTX by 3.6% during the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock worth $297,000 after buying an additional 70 shares in the last quarter. Verum Partners LLC lifted its position in RTX by 1.8% during the 2nd quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock worth $598,000 after buying an additional 73 shares in the last quarter. Finally, Hamilton Capital LLC lifted its position in RTX by 3.6% during the 1st quarter. Hamilton Capital LLC now owns 2,122 shares of the company’s stock worth $281,000 after buying an additional 74 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on RTX. Barclays upped their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Morgan Stanley upped their target price 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. Susquehanna upped their target price on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 target price on shares of RTX in a research report on Wednesday. Two investment 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 stock. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $164.13.

RTX Price Performance

NYSE RTX opened at $162.08 on Friday. The business has a 50 day simple moving average of $158.98 and a 200 day simple moving average of $144.80. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock has a market cap of $216.95 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 3.11 and a beta of 0.66.

RTX (NYSE:RTX) last posted its earnings results 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the prior year, the business earned $1.41 EPS. RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 in the last quarter. 0.15% of the stock is owned by company 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.