Country Club Bank Decreases Stock Position in RTX Corporation $RTX

Key Points

• Country Club Bank reduced its stake in RTX Corporation by 3.2%, now holding 90,115 shares valued at approximately $13 million, making it the bank's 29th largest holding.
• RTX Corporation reported a Q2 EPS of $1.56, exceeding analysts' expectations of $1.45, along with a revenue of $21.58 billion, up 9.4% from the previous year.
• Recent analyst ratings for RTX include upgrades from Susquehanna and UBS Group, with target prices raised to $175 and $177 respectively, reflecting continued positive sentiment towards the stock.

Country Club Bank lowered its stake in RTX Corporation (NYSE:RTX - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,115 shares of the company's stock after selling 2,947 shares during the quarter. RTX comprises approximately 0.8% of Country Club Bank's holdings, making the stock its 29th largest holding. Country Club Bank's holdings in RTX were worth $13,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after buying an additional 159 shares in the last quarter. Single Point Partners LLC purchased a new stake in shares of RTX during the 1st quarter valued at about $267,000. Baldwin Wealth Partners LLC MA purchased a new stake in shares of RTX during the 1st quarter valued at about $222,000. Finally, Moss Adams Wealth Advisors LLC raised its position in shares of RTX by 14.6% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 4,787 shares of the company's stock valued at $634,000 after buying an additional 610 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

Shares of RTX stock opened at $169.03 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a market capitalization of $226.25 billion, a P/E ratio of 37.15, a P/E/G ratio of 3.07 and a beta of 0.66. The company's 50-day simple moving average is $158.44 and its two-hundred day simple moving average is $144.27. RTX Corporation has a one year low of $112.27 and a one year high of $169.75.

RTX (NYSE:RTX - Get Free Report) last issued its 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 business had revenue of $21.58 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the 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 owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RTX shares. Susquehanna upped their target price on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. UBS Group upped their target price on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Barclays upped 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, The Goldman Sachs Group upped their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.