Sage Mountain Advisors LLC Increases Stock Position in RTX Corporation $RTX

Sage Mountain Advisors LLC increased its position in RTX Corporation (NYSE:RTX) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,610 shares of the company’s stock after acquiring an additional 853 shares during the period. Sage Mountain Advisors LLC’s holdings in RTX were worth $1,403,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bay Capital Advisors LLC purchased a new position in RTX in the 1st quarter worth approximately $224,000. Brookwood Investment Group LLC purchased a new stake in RTX during the 1st quarter valued at $1,288,000. LBP AM SA raised its stake in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after buying an additional 41,990 shares during the last quarter. Arizona State Retirement System raised its stake in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after buying an additional 5,356 shares during the last quarter. Finally, Redwood Financial Network Corp purchased a new stake in RTX during the 1st quarter valued at $243,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RTX shares. UBS Group boosted their target price on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley set a $215.00 target price on shares of RTX and gave the company an “overweight” rating in a research note on Wednesday. Citigroup boosted their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Robert W. Baird set a $203.00 price objective on shares of RTX in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Two 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.80.

RTX Trading Down 0.4%

Shares of RTX stock opened at $178.79 on Friday. The company has a market cap of $239.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. The firm has a fifty day moving average price of $161.09 and a 200-day moving average price of $147.55. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $180.50.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. RTX’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,469 shares of company stock valued at $7,364,841. Company insiders own 0.15% of the company’s stock.

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.