Caliber Wealth Management LLC KS Purchases 1,249 Shares of RTX Corporation $RTX

Caliber Wealth Management LLC KS lifted its position in shares of RTX Corporation (NYSE:RTX) by 17.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,246 shares of the company’s stock after purchasing an additional 1,249 shares during the quarter. Caliber Wealth Management LLC KS’s holdings in RTX were worth $1,204,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of RTX by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after acquiring an additional 104,139 shares during the period. Invesco Ltd. raised its holdings in shares of RTX by 1.5% during the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after acquiring an additional 154,544 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of RTX by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of RTX during the first quarter worth $916,739,000. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were 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 SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,469 shares of company stock worth $7,364,841 in the last ninety days. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday. Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the stock an “overweight” rating in a report on Wednesday. Finally, Robert W. Baird set a $203.00 price target on shares of RTX in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.80.

RTX Stock Up 2.8%

RTX stock opened at $177.86 on Thursday. The firm has a market capitalization of $238.07 billion, a PE ratio of 36.52, a P/E/G ratio of 3.10 and a beta of 0.66. The company’s 50-day moving average is $160.11 and its 200-day moving average is $146.72. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $178.76. 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 (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.45%. RTX’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

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.