Maridea Wealth Management LLC Decreases Position in RTX Corporation $RTX

Key Points

• Maridea Wealth Management LLC significantly decreased its stake in RTX Corporation by 50.1%, reducing its holdings to 2,402 shares valued at $351,000 as of the latest SEC filing.
• Insider Philip J. Jasper sold 12,847 shares of RTX stock for over $2 million, representing a 42.08% decrease in ownership, while other executives have also recently sold shares.
• Several institutional investors, including MorganRosel Wealth Management and Summit Securities Group, have taken new positions in RTX, highlighting increased investor interest, with institutions collectively owning 86.50% of the company.

Maridea Wealth Management LLC decreased its stake in RTX Corporation (NYSE:RTX - Free Report) by 50.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,402 shares of the company's stock after selling 2,409 shares during the quarter. Maridea Wealth Management LLC's holdings in RTX were worth $351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. MorganRosel Wealth Management LLC bought a new position in RTX during the 1st quarter valued at about $26,000. Summit Securities Group LLC purchased a new position in RTX during the 1st quarter valued at $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX during the first quarter valued at $44,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of RTX in the first quarter worth about $50,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in RTX in the 1st quarter worth about $50,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction on Monday, August 4th. The shares were 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. This trade represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% 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 in the last three months. 0.15% of the stock is owned by company insiders.

RTX Trading Down 0.6%

Shares of NYSE:RTX opened at $160.45 on Friday. The business's 50-day moving average is $156.70 and its 200 day moving average is $142.40. 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 Corporation has a 1 year low of $112.27 and a 1 year high of $163.03. The firm has a market capitalization of $214.77 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.97 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last issued 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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the subject of several research reports. Susquehanna boosted their price objective 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. The Goldman Sachs Group increased their price target on 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 restated a "hold" rating on shares of RTX in a report on Monday, July 21st. Royal Bank Of Canada reiterated an "outperform" rating and set a $170.00 target price (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein boosted their price target on shares of RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a report on Wednesday, September 10th. 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 stock. According to MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus 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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