LaFleur & Godfrey LLC Sells 7,681 Shares of RTX Corporation $RTX

Key Points

• LaFleur & Godfrey LLC reduced its RTX stake by 5.8%, selling 7,681 shares during the third quarter and retaining 124,331 shares worth approximately $23.1 million. Institutional investors collectively own 86.5% of RTX.
• RTX reported stronger-than-expected quarterly results, with EPS of $2.26 versus the $1.78 consensus and revenue of $24.96 billion, up 11.1% year over year.
• RTX benefits from a record backlog of about $340 billion and long-term aerospace and defense contracts, but investors remain focused on its premium valuation, sector weakness and ability to sustain earnings and cash-flow growth.

LaFleur & Godfrey LLC decreased its holdings in RTX Corporation (NYSE:RTX - Free Report) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,331 shares of the company's stock after selling 7,681 shares during the quarter. RTX accounts for about 2.8% of LaFleur & Godfrey LLC's holdings, making the stock its 8th largest holding. LaFleur & Godfrey LLC's holdings in RTX were worth $23,082,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. North Dakota State Investment Board increased its holdings in RTX by 3.9% in the 3rd quarter. North Dakota State Investment Board now owns 41,315 shares of the company's stock worth $7,670,000 after acquiring an additional 1,532 shares in the last quarter. BLB&B Advisors LLC raised its position in RTX by 2.4% during the third quarter. BLB&B Advisors LLC now owns 3,107 shares of the company's stock worth $577,000 after acquiring an additional 72 shares during the period. AMI Investment Management Inc. lifted its holdings in RTX by 1.0% during the third quarter. AMI Investment Management Inc. now owns 30,109 shares of the company's stock valued at $5,590,000 after purchasing an additional 308 shares in the last quarter. William Mack & Associates Inc. purchased a new position in RTX during the third quarter valued at $130,000. Finally, Victory Financial Group LLC grew its position in shares of RTX by 25.9% in the third quarter. Victory Financial Group LLC now owns 4,848 shares of the company's stock valued at $900,000 after purchasing an additional 998 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Up 0.7%

Shares of RTX opened at $195.91 on Thursday. RTX Corporation has a 52-week low of $166.74 and a 52-week high of $226.88. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The firm's fifty day moving average is $195.47 and its two-hundred day moving average is $195.46. The stock has a market cap of $264.37 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 2.24 and a beta of 0.31.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.48. The business had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Research analysts forecast that RTX Corporation will post 7.57 earnings per share for the current fiscal year.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Long-term Collins Aerospace contract: Air Europa extended its exclusive Boeing 787 nacelle-maintenance agreement with RTX’s Collins Aerospace through 2037. The renewal provides long-term recurring aftermarket revenue and supports fleet reliability, although the financial contribution was not disclosed. Air Europa extends exclusive Boeing 787 nacelle maintenance agreement
• Positive Sentiment: Strong backlog and recent earnings: RTX’s record backlog is approximately $340 billion, including $164 billion in defense orders. Its latest quarter also showed 11.1% year-over-year revenue growth, with earnings and sales exceeding analyst expectations. These factors reinforce visibility into future revenue and cash flow. Better Defense Stock to Own Through 2030: Palantir vs. RTX Corporation
• Neutral Sentiment: Investor focus remains elevated: Articles are debating whether RTX’s multiyear rally and roughly 32-times earnings valuation are justified by its cash-generation potential, backlog and aerospace exposure. Analysts generally view the company as well positioned, but future gains may depend on continued execution and free-cash-flow growth. RTX: buy, sell, or hold post Q3 earnings?
• Negative Sentiment: Sector weakness and valuation risk: Defense stocks recently experienced an unusually prolonged losing streak, with the aerospace and defense ETF giving back its 2026 gains. That weakness could limit RTX’s near-term upside, particularly after its substantial three-year advance and with the stock trading at a premium to historical levels. 9 Defense Stocks to Watch Before the Next Big Rally

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RTX. Weiss Ratings raised shares of RTX from a "buy (b)" rating to a "buy (a-)" rating in a research note on Thursday, October 22nd. Royal Bank Of Canada decreased their price target on shares of RTX from $250.00 to $235.00 and set an "outperform" rating on the stock in a research note on Thursday, October 15th. Citigroup reiterated a "buy" rating on shares of RTX in a report on Wednesday, October 7th. Susquehanna boosted their price objective on RTX from $235.00 to $245.00 and gave the stock a "positive" rating in a research note on Friday, July 24th. Finally, Argus set a $245.00 target price on RTX and gave the company a "buy" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $228.86.

Insiders Place Their Bets

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company's stock.

RTX Company Profile

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.

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