Investment Advisory Group LLC Has $545,000 Stake in RTX Corporation $RTX

Investment Advisory Group LLC boosted its stake in RTX Corporation (NYSE:RTX) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,734 shares of the company’s stock after purchasing an additional 192 shares during the period. Investment Advisory Group LLC’s holdings in RTX were worth $545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. Brighton Jones LLC increased its holdings in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC increased its holdings in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the period. GAMMA Investing LLC increased its holdings in RTX by 12.8% in the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock valued at $4,163,000 after purchasing an additional 3,561 shares during the period. CVA Family Office LLC increased its holdings in RTX by 4.9% in the first quarter. CVA Family Office LLC now owns 7,290 shares of the company’s stock valued at $966,000 after purchasing an additional 343 shares during the period. Finally, Goldstone Financial Group LLC increased its holdings in RTX by 8.8% in the first quarter. Goldstone Financial Group LLC now owns 2,829 shares of the company’s stock valued at $375,000 after purchasing an additional 229 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s 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 transaction, the vice president directly owned 30,004 shares in the company, 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 ninety days, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RTX shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Wednesday. Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday. Barclays increased their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

RTX Price Performance

RTX stock opened at $157.64 on Friday. The stock has a market capitalization of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.66. The company’s 50-day moving average is $159.00 and its 200-day moving average is $145.03. 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 1 year low of $112.27 and a 1 year high of $170.85.

RTX (NYSE:RTX) last released its quarterly earnings data 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. 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 business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal 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.