Cantor Fitzgerald Investment Advisors L.P. Raises Stock Position in RTX Corporation $RTX

Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of RTX Corporation (NYSE:RTX) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,790 shares of the company’s stock after acquiring an additional 854 shares during the period. RTX accounts for 1.4% of Cantor Fitzgerald Investment Advisors L.P.’s holdings, making the stock its 15th biggest position. Cantor Fitzgerald Investment Advisors L.P.’s holdings in RTX were worth $20,266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RTX. MorganRosel Wealth Management LLC acquired a new stake in RTX in the first quarter worth about $26,000. PFS Partners LLC raised its position in shares of RTX by 101.1% in the 2nd 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 purchased a new position in shares of RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX in the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in RTX during the 1st quarter worth approximately $50,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other RTX 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last ninety days. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RTX. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Sanford C. Bernstein raised their target price on RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. The Goldman Sachs Group boosted their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Morgan Stanley increased their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Bank of America lifted their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

RTX Stock Up 0.0%

Shares of RTX stock opened at $167.37 on Thursday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28. The stock has a market cap of $224.03 billion, a P/E ratio of 36.78, a P/E/G ratio of 3.08 and a beta of 0.66. The stock has a 50 day moving average of $157.75 and a 200 day moving average of $143.42. 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 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. The business 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 last year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts expect that RTX Corporation will post 6.11 EPS 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.