Franklin Street Advisors Inc. NC Has $30.13 Million Stake in RTX Corporation $RTX

Key Points

• Franklin Street Advisors Inc. NC increased its stake in RTX Corporation by 3.6%, owning 206,342 shares valued at approximately $30.13 million, making RTX its 16th largest holding.
• Insider Troy D. Brunk sold 7,654 shares for about $1.19 million, representing a significant decrease in personal ownership.
• RTX reported earnings of $1.56 per share for the last quarter, exceeding analysts' estimates, with a revenue increase of 9.4% year-over-year, and set its FY 2025 guidance at $5.800-5.950 EPS.

Franklin Street Advisors Inc. NC raised its position in RTX Corporation (NYSE:RTX - Free Report) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,342 shares of the company's stock after purchasing an additional 7,111 shares during the quarter. RTX accounts for approximately 1.9% of Franklin Street Advisors Inc. NC's holdings, making the stock its 16th largest holding. Franklin Street Advisors Inc. NC's holdings in RTX were worth $30,130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PFS Partners LLC raised its stake in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the 1st quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in shares of RTX in the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX in the 1st quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of RTX in the first quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Activity

In other news, insider Troy D. Brunk sold 7,654 shares of the company's stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by insiders.

RTX Price Performance

Shares of NYSE RTX opened at $166.73 on Friday. The business's 50 day moving average price is $158.18 and its two-hundred day moving average price is $143.89. The company has a market cap 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. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28.

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, topping analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent research reports. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research report on Monday, July 21st. Morgan Stanley lifted their target price on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group lifted their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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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