Brucke Financial Inc. Boosts Stock Position in RTX Corporation $RTX

Brucke Financial Inc. lifted its position in RTX Corporation (NYSE:RTX) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,210 shares of the company’s stock after purchasing an additional 93 shares during the quarter. Brucke Financial Inc.’s holdings in RTX were worth $469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTX. Brighton Jones LLC boosted its holdings in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of RTX by 12.8% in the 1st quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock worth $4,163,000 after purchasing an additional 3,561 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in shares of RTX by 5.3% in the 1st quarter. Focus Financial Network Inc. now owns 7,086 shares of the company’s stock worth $939,000 after purchasing an additional 355 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in shares of RTX by 51.1% in the 1st quarter. Simon Quick Advisors LLC now owns 9,427 shares of the company’s stock worth $1,249,000 after purchasing an additional 3,188 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, 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 three months, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RTX shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday. The Goldman Sachs Group boosted their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Barclays boosted their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Sanford C. Bernstein boosted their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Two 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

RTX Trading Down 2.8%

RTX opened at $157.64 on Friday. The business has a 50 day simple moving average of $159.00 and a two-hundred day simple moving average of $144.95. The firm has a market capitalization of $211.01 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.99 and a beta of 0.66. 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 Corporation has a one year low of $112.27 and a one year high of $170.85.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts predict that RTX Corporation will post 6.11 EPS 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.