Crown Wealth Group LLC Makes New Investment in RTX Corporation $RTX

Key Points

• Crown Wealth Group LLC has acquired 1,719 shares of RTX Corporation, valued at approximately $251,000, indicating increased interest from institutional investors in the company.
• Insider selling activity includes Troy D. Brunk selling 7,654 shares for $1.19 million and Philip J. Jasper selling 12,847 shares for approximately $2.03 million, reflecting a significant decrease in their ownership stakes.
• RTX Corporation reported earnings of $1.56 per share for the last quarter, surpassing estimates, and set its FY 2025 guidance at $5.800-5.950 EPS, showcasing a positive growth outlook.

Crown Wealth Group LLC bought a new position in RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,719 shares of the company's stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RTX. Bay Capital Advisors LLC bought a new position in RTX during the 1st quarter worth about $224,000. Dynamic Advisor Solutions LLC lifted its position in shares of 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 period. Brookwood Investment Group LLC bought a new position in shares of RTX during the first quarter valued at approximately $1,288,000. LBP AM SA increased its holdings in RTX by 17.7% during the first 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 period. Finally, Arizona State Retirement System raised its stake in RTX by 1.4% in the first quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after buying an additional 5,356 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 7,654 shares of the 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 transaction, the insider directly owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. The trade was a 42.08% 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 worth $8,947,010 over the last three months. Corporate insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of RTX stock opened at $160.45 on Friday. The firm has a market capitalization of $214.77 billion, a P/E ratio of 35.26, a PEG ratio of 2.97 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average price of $156.70 and a 200 day moving average price of $142.40. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $163.03.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. The company 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%. RTX's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RTX. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein raised their price objective on RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a research report on Wednesday, September 10th. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. UBS Group increased their price target 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. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and an average price target of $158.87.

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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