Carrera Capital Advisors Lowers Position in RTX Corporation $RTX

Carrera Capital Advisors cut its holdings in RTX Corporation (NYSE:RTX) by 5.8% in the second quarter, Holdings Channel reports. The fund owned 1,580 shares of the company’s stock after selling 98 shares during the quarter. Carrera Capital Advisors’ holdings in RTX were worth $231,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RTX. Brighton Jones LLC raised its holdings in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares in the last quarter. GAMMA Investing LLC raised its holdings in RTX by 12.8% in the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock worth $4,163,000 after purchasing an additional 3,561 shares in the last quarter. Bessemer Group Inc. raised its holdings in RTX by 11.1% in the first quarter. Bessemer Group Inc. now owns 47,624 shares of the company’s stock worth $6,307,000 after purchasing an additional 4,764 shares in the last quarter. Finally, SOL Capital Management CO raised its holdings in RTX by 10.7% in the first quarter. SOL Capital Management CO now owns 4,390 shares of the company’s stock worth $581,000 after purchasing an additional 425 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $178.79 on Friday. The business’s 50 day moving average price is $161.09 and its 200 day moving average price is $147.55. The firm has a market cap of $239.72 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.20 and a beta of 0.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $180.50. The company has a quick ratio of 0.75, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.RTX’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 available at this link. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,469 shares of company stock worth $7,364,841 over the last quarter. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Citigroup upped 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. UBS Group upped their price objective on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird set a $203.00 price objective on shares of RTX in a report on Wednesday. Two 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $175.80.

RTX 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.