Comprehensive Financial Consultants Institutional Inc. Sells 189 Shares of RTX Corporation $RTX

Comprehensive Financial Consultants Institutional Inc. lowered its stake in shares of RTX Corporation (NYSE:RTX) by 4.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,294 shares of the company’s stock after selling 189 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in RTX were worth $627,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Brighton Jones LLC grew its position in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its position in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares during the last quarter. Vest Financial LLC grew its position in RTX by 73.4% in the 1st quarter. Vest Financial LLC now owns 20,069 shares of the company’s stock valued at $2,658,000 after acquiring an additional 8,498 shares during the last quarter. Impact Capital Partners LLC grew its position in RTX by 12.1% in the 1st quarter. Impact Capital Partners LLC now owns 3,225 shares of the company’s stock valued at $427,000 after acquiring an additional 348 shares during the last quarter. Finally, LexAurum Advisors LLC grew its position in RTX by 2.3% in the 1st quarter. LexAurum Advisors LLC now owns 8,076 shares of the company’s stock valued at $1,070,000 after acquiring an additional 179 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $166.73 on Monday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28. The stock has a market capitalization of $223.18 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66. The stock has a fifty day simple moving average of $158.18 and a two-hundred day simple moving average of $144.02. 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 earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research analyst reports. Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Bank of America upped their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. UBS Group upped their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction on 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 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 a total of 56,635 shares of company stock worth $8,947,010 over the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

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.