AMI Investment Management Inc. Sells 674 Shares of RTX Corporation $RTX

AMI Investment Management Inc. trimmed its position in shares of RTX Corporation (NYSE:RTX) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,011 shares of the company’s stock after selling 674 shares during the quarter. RTX makes up about 1.3% of AMI Investment Management Inc.’s investment portfolio, making the stock its 19th biggest position. AMI Investment Management Inc.’s holdings in RTX were worth $5,112,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several brokerages recently weighed in on RTX. Citigroup increased their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Barclays increased their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Wednesday. UBS Group increased their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Bank of America increased their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Two 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.

RTX Trading Down 0.5%

Shares of NYSE:RTX opened at $168.47 on Thursday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $158.89 and its 200 day simple moving average is $144.61. The firm has a market cap of $225.50 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 3.12 and a beta of 0.66.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period last year, the business posted $1.41 earnings per share. The firm’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. As a group, research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal 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.