Courier Capital LLC Decreases Position in RTX Corporation $RTX

Courier Capital LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 0.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 56,969 shares of the company’s stock after selling 462 shares during the period. Courier Capital LLC’s holdings in RTX were worth $8,319,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RTX. MorganRosel Wealth Management LLC bought a new position in RTX in the first quarter worth approximately $26,000. PFS Partners LLC grew its stake in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new position in RTX in the first quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new position in RTX in the first quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX in the first quarter worth approximately $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $158.83 on Tuesday. The stock has a 50-day simple moving average of $159.02 and a two-hundred day simple moving average of $145.30. The firm has a market capitalization of $212.59 billion, a P/E ratio of 34.91, a PEG ratio of 2.93 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two 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.

RTX (NYSE:RTX) last posted its 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same period last year, the firm earned $1.41 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Activity

In other news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated 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 sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on RTX. Susquehanna increased their target price on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, June 23rd. Barclays raised their target price on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

About RTX

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.