Hilltop National Bank Takes $401,000 Position in RTX Corporation $RTX

Key Points

• Hilltop National Bank has invested approximately $401,000 in RTX Corporation, acquiring 2,745 shares during the second quarter.
• Multiple analysts have raised their price targets for RTX, with Bank of America pushing theirs from $150 to $175, reflecting a strong market interest in the stock.
• Insider trading activity was notable as RTX executives sold over $1.5 million worth of shares in late July, with insider ownership now at just 0.15%.

Hilltop National Bank purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,745 shares of the company's stock, valued at approximately $401,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bay Capital Advisors LLC acquired a new position in RTX in the 1st quarter worth $224,000. Dynamic Advisor Solutions LLC boosted its stake 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 period. Brookwood Investment Group LLC acquired a new position in RTX in the 1st quarter worth $1,288,000. LBP AM SA boosted its stake in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after purchasing an additional 41,990 shares during the period. Finally, Arizona State Retirement System boosted 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 worth $51,741,000 after purchasing an additional 5,356 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Bank of America boosted their price target on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research report on Monday, July 21st. Finally, Morgan Stanley boosted their price target on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $158.87.

Insider Activity at RTX

In other news, 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 transaction, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated 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 transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last ninety days. Company insiders own 0.15% of the company's stock.

RTX Trading Up 0.1%

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

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. RTX's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts forecast that RTX Corporation will post 6.11 EPS 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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