Drake & Associates LLC Raises Position in RTX Corporation $RTX

Drake & Associates LLC lifted its stake in shares of RTX Corporation (NYSE:RTX) by 24.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,575 shares of the company’s stock after acquiring an additional 501 shares during the quarter. Drake & Associates LLC’s holdings in RTX were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mraz Amerine & Associates Inc. acquired a new position in RTX during the 2nd quarter worth $383,000. Heck Capital Advisors LLC grew its position in shares of RTX by 6.7% during the second quarter. Heck Capital Advisors LLC now owns 10,626 shares of the company’s stock worth $1,552,000 after buying an additional 664 shares in the last quarter. D.B. Root & Company LLC increased its stake in shares of RTX by 3.9% during the second quarter. D.B. Root & Company LLC now owns 7,555 shares of the company’s stock worth $1,103,000 after buying an additional 282 shares during the period. Capital Advisors Inc. OK raised its holdings in RTX by 8.0% in the second quarter. Capital Advisors Inc. OK now owns 23,435 shares of the company’s stock valued at $3,422,000 after acquiring an additional 1,738 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its holdings in RTX by 1.8% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 5,631 shares of the company’s stock worth $822,000 after acquiring an additional 101 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred on 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 completion of the transaction, 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. Over the last 90 days, insiders have sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of analyst reports. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Saturday, September 27th. The Goldman Sachs Group lifted their price target on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report 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 boosted their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.47.

RTX Price Performance

Shares of NYSE RTX opened at $169.03 on Tuesday. The stock has a market cap of $226.25 billion, a P/E ratio of 37.15, a P/E/G ratio of 3.07 and a beta of 0.66. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $169.75. The stock has a 50 day moving average of $158.44 and a two-hundred day moving average of $144.27. 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 released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. RTX’s revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

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.