Phillips Financial Management LLC Boosts Stock Position in RTX Corporation $RTX

Phillips Financial Management LLC boosted its holdings in RTX Corporation (NYSE:RTX) by 13.0% during the 2nd quarter, Holdings Channel reports. The firm owned 1,720 shares of the company’s stock after acquiring an additional 198 shares during the period. Phillips Financial Management LLC’s holdings in RTX were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of RTX. Gries Financial LLC lifted its position in shares of RTX by 0.7% during the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after buying an additional 69 shares during the last quarter. M3 Advisory Group LLC lifted its position in shares of RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after buying an additional 69 shares during the last quarter. TrueWealth Advisors LLC lifted its position in shares of RTX by 3.6% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after buying an additional 70 shares during the last quarter. RMR Wealth Builders lifted its position in shares of RTX by 3.6% during the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock valued at $297,000 after buying an additional 70 shares during the last quarter. Finally, Verum Partners LLC lifted its position in shares of RTX by 1.8% during the 2nd quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock valued at $598,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $173.00 on Wednesday. The firm has a market capitalization of $231.57 billion, a P/E ratio of 38.02, a P/E/G ratio of 2.98 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock’s 50-day simple moving average is $159.66 and its two-hundred day simple moving average is $146.50. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $178.76.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RTX shares. Morgan Stanley upped their price target on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Citigroup increased their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated 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 transaction, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated 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 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. Insiders have sold a total of 55,173 shares of company stock valued at $8,724,406 over the last 90 days. Company 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.