Jmac Enterprises LLC Boosts Stock Holdings in RTX Corporation $RTX

Jmac Enterprises LLC grew its position in shares of RTX Corporation (NYSE:RTX) by 6.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,200 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Jmac Enterprises LLC’s holdings in RTX were worth $905,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PFS Partners LLC increased its holdings in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the 1st quarter valued at approximately $26,000. Summit Securities Group LLC purchased a new stake in RTX in the 1st quarter worth $40,000. McClarren Financial Advisors Inc. purchased a new stake in RTX in the 1st quarter worth $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in RTX in the 1st quarter worth $50,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on RTX shares. JPMorgan Chase & Co. boosted their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Susquehanna boosted their price target on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Finally, Citigroup boosted their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.87.

Insider Activity

In other news, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

RTX Price Performance

RTX stock opened at $166.68 on Friday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $168.28. The firm has a market capitalization of $223.11 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 3.08 and a beta of 0.66. The company has a fifty day simple moving average of $157.98 and a 200-day simple moving average of $143.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal 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.