Highland Capital Management LLC Has $15.38 Million Holdings in RTX Corporation $RTX

Highland Capital Management LLC decreased its position in shares of RTX Corporation (NYSE:RTX) by 0.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 105,330 shares of the company’s stock after selling 834 shares during the period. RTX comprises approximately 0.8% of Highland Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Highland Capital Management LLC’s holdings in RTX were worth $15,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new position in shares of RTX in the first quarter valued at approximately $26,000. PFS Partners LLC grew its holdings in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new position in RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX during the first quarter valued at $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of RTX during the first quarter worth $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Sanford C. Bernstein increased their price target on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research note on Wednesday, September 10th. Susquehanna raised their price objective on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Morgan Stanley upped their target price on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred 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 transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by insiders.

RTX Trading Up 0.1%

NYSE RTX opened at $166.73 on Friday. The stock has a market capitalization of $223.18 billion, a P/E ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66. The business has a 50 day simple moving average of $158.18 and a 200 day simple moving average of $143.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a one year low of $112.27 and a one year high of $168.28.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter last year, the company earned $1.41 earnings per share. The company’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. Research analysts expect 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.