2,621 Shares in RTX Corporation $RTX Purchased by Mraz Amerine & Associates Inc.

Key Points

• Mraz Amerine & Associates Inc. has acquired a new stake in RTX Corporation by purchasing 2,621 shares valued at approximately $383,000 in the 2nd quarter.
• Institutional investors collectively own 86.50% of RTX’s stock, with Vanguard Group holding the largest position at over $15.8 billion.
• RTX reported quarterly earnings of $1.56 EPS, beating analyst estimates, with revenue up 9.4% year-over-year at $21.58 billion.

Mraz Amerine & Associates Inc. bought a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,621 shares of the company's stock, valued at approximately $383,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock valued at $1,371,171,000 after buying an additional 104,139 shares in the last quarter. Invesco Ltd. grew its holdings in RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock valued at $1,365,969,000 after buying an additional 154,544 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock valued at $1,021,623,000 after buying an additional 65,493 shares during the last quarter. Finally, Nuveen LLC purchased a new position in RTX during the first quarter worth $916,739,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Performance

Shares of RTX stock opened at $169.03 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market capitalization of $226.25 billion, a price-to-earnings ratio of 37.15, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. RTX Corporation has a one year low of $112.27 and a one year high of $169.75. The company has a 50 day moving average price of $158.44 and a 200 day moving average price of $144.27.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for 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%. RTX's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on RTX. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research note on Monday, July 21st. UBS Group lifted 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. Barclays upped their price objective on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Sanford C. Bernstein lifted their target price on shares of RTX from $157.00 to $181.00 and gave the stock a "market perform" rating in a research note on Monday. Three research 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 company has an average rating of "Moderate Buy" and an average target price of $160.47.

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on 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 completion of the sale, the vice president owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred on 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. 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 56,635 shares of company stock valued at $8,947,010 in the last 90 days. 0.15% of the stock is owned by corporate insiders.

RTX Company 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.

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