Capital Advisors Inc. OK Boosts Stake in RTX Corporation $RTX

Key Points

• Capital Advisors Inc. OK increased its stake in RTX Corporation by 8.0% during Q2, holding 23,435 shares valued at approximately $3.42 million.
• Analysts have generally increased price targets for RTX, with Morgan Stanley projecting a target of $180.00, suggesting robust expectations for the company's performance.
• Insider selling was reported, with VP Kevin G. Dasilva selling 8,704 shares for about $1.36 million, indicating a 22.49% decrease in his ownership stake.

Capital Advisors Inc. OK grew its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 8.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 23,435 shares of the company's stock after acquiring an additional 1,738 shares during the period. Capital Advisors Inc. OK's holdings in RTX were worth $3,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC grew its holdings in shares of RTX by 1.8% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 5,631 shares of the company's stock worth $822,000 after acquiring an additional 101 shares during the period. Berkshire Money Management Inc. grew its holdings in shares of RTX by 2.0% during the 2nd quarter. Berkshire Money Management Inc. now owns 4,782 shares of the company's stock worth $698,000 after acquiring an additional 95 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of RTX by 3.6% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 11,359 shares of the company's stock worth $1,659,000 after acquiring an additional 393 shares during the period. PUREfi Wealth LLC purchased a new position in shares of RTX during the 2nd quarter worth approximately $258,000. Finally, Chung Wu Investment Group LLC purchased a new stake in shares of RTX in the 2nd quarter worth approximately $155,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on RTX shares. Weiss Ratings restated a "buy (b-)" rating on shares of RTX in a research note on Saturday, September 27th. Sanford C. Bernstein upped their price target on RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 10th. The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. upped their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley upped their price target on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

Insider Buying and Selling

In related news, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction on Thursday, July 24th. The stock was 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 in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was 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 directly owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. 0.15% of the stock is owned by insiders.

RTX Stock Performance

RTX stock opened at $166.73 on Monday. The stock has a market capitalization of $223.18 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $168.28. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock's 50 day simple moving average is $158.18 and its 200 day simple moving average is $144.02.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 12.89% and a net margin of 7.35%.The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

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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