Belpointe Asset Management LLC Has $4.01 Million Holdings in RTX Corporation $RTX

Key Points

• Belpointe Asset Management LLC reduced its holdings in RTX Corporation by 29.7%, now owning 27,446 shares valued at approximately $4.01 million.
• Various hedge funds have shifted their positions in RTX, with a significant 8.4% increase in holdings by Dynamic Advisor Solutions LLC in the first quarter.
• Analyst ratings reflect a consensus of "Moderate Buy" for RTX, with an average price target of $158.87.

Belpointe Asset Management LLC decreased its holdings in RTX Corporation (NYSE:RTX - Free Report) by 29.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,446 shares of the company's stock after selling 11,588 shares during the period. Belpointe Asset Management LLC's holdings in RTX were worth $4,008,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research firms have issued reports on RTX. Sanford C. Bernstein upped their price target on shares of RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a report on Wednesday, September 10th. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research report on Monday, July 21st. Citigroup boosted their target price on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Barclays increased their price target on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, Morgan Stanley boosted their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and an average price target of $158.87.

RTX Price Performance

NYSE:RTX opened at $166.73 on Monday. 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 company has a 50-day moving average of $158.18 and a 200-day moving average of $144.02. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $168.28. The company has a market capitalization of $223.18 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 3.07 and a beta of 0.66.

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

Insider Activity

In related news, 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 transaction of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by company insiders.

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.

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