RTX Corporation $RTX Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 10,250 shares of the company’s stock after selling 434 shares during the quarter. Balboa Wealth Partners’ holdings in RTX were worth $1,497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gries Financial LLC increased its stake in RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after acquiring an additional 69 shares during the last quarter. M3 Advisory Group LLC increased its stake in RTX by 2.7% during the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after acquiring an additional 69 shares during the last quarter. TrueWealth Advisors LLC increased its stake in RTX by 3.6% during the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock worth $293,000 after acquiring an additional 70 shares during the last quarter. RMR Wealth Builders increased its stake in RTX by 3.6% during the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock worth $297,000 after acquiring an additional 70 shares during the last quarter. Finally, Verum Partners LLC increased its stake in RTX by 1.8% during the second quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock worth $598,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RTX. Sanford C. Bernstein lifted their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Bank of America lifted their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Citigroup lifted their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Barclays lifted their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

RTX Trading Up 0.6%

NYSE:RTX opened at $158.04 on Monday. The firm has a market cap of $211.55 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The stock has a fifty day moving average price of $159.20 and a 200 day moving average price of $146.01. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.85. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The firm 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 revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Activity at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction dated Monday, August 4th. The stock was 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 $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 sale, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last three months. Company insiders own 0.15% of the company’s stock.

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.