Insight Wealth Partners LLC Sells 483 Shares of RTX Corporation $RTX

Insight Wealth Partners LLC decreased its position in RTX Corporation (NYSE:RTX) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,676 shares of the company’s stock after selling 483 shares during the quarter. Insight Wealth Partners LLC’s holdings in RTX were worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new stake in RTX in the 1st quarter worth approximately $26,000. PFS Partners LLC increased its stake in RTX by 101.1% in 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 bought a new stake in RTX in the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX in the 1st quarter worth approximately $44,000. Finally, Briaud Financial Planning Inc increased its stake in RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 46,469 shares of company stock worth $7,364,841 in the last quarter. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research reports. Barclays lifted their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group lifted their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday. 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. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $175.80.

RTX Price Performance

RTX opened at $178.79 on Friday. The business has a fifty day moving average of $161.09 and a 200 day moving average of $147.55. 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. The stock has a market cap of $239.72 billion, a P/E ratio of 36.71, a PEG ratio of 3.20 and a beta of 0.66.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the previous year, the business earned $1.45 EPS. RTX’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate 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.