Mattern Wealth Management LLC Purchases 200 Shares of RTX Corporation $RTX

Mattern Wealth Management LLC boosted its position in RTX Corporation (NYSE:RTX) by 10.1% in the second quarter, HoldingsChannel.com reports. The firm owned 2,179 shares of the company’s stock after acquiring an additional 200 shares during the period. Mattern Wealth Management LLC’s holdings in RTX were worth $318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bay Capital Advisors LLC purchased a new position in shares of RTX in the 1st quarter valued at approximately $224,000. Dynamic Advisor Solutions LLC raised its position in shares of RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock valued at $4,591,000 after purchasing an additional 2,686 shares during the last quarter. Brookwood Investment Group LLC purchased a new position in shares of RTX in the 1st quarter valued at approximately $1,288,000. LBP AM SA raised its position in shares of RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after purchasing an additional 41,990 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after purchasing an additional 5,356 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $163.74 on Tuesday. The stock has a market capitalization of $219.17 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 3.01 and a beta of 0.67. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $168.28. The firm’s 50 day simple moving average is $157.17 and its 200-day simple moving average is $143.08. 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 (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Susquehanna increased 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. Bank of America increased their price target on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. UBS Group increased their price target on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein increased their price target on shares of RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred 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. Over the last ninety days, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

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.