Maryland State Retirement & Pension System Purchases 2,845 Shares of RTX Corporation $RTX

Maryland State Retirement & Pension System lifted its position in RTX Corporation (NYSE:RTX - Free Report) by 4.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 65,028 shares of the company's stock after purchasing an additional 2,845 shares during the period. Maryland State Retirement & Pension System's holdings in RTX were worth $9,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in RTX. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the first quarter worth approximately $26,000. PFS Partners LLC grew its holdings in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of RTX in the first quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX in the first quarter valued at $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in RTX in the first quarter valued at $50,000. Institutional investors own 86.50% of the company's stock.

RTX Stock Performance

Shares of RTX stock opened at $168.47 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $225.50 billion, a P/E ratio of 37.03, a P/E/G ratio of 3.12 and a beta of 0.66. The business has a fifty day simple moving average of $158.89 and a two-hundred day simple moving average of $144.61. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion during 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RTX shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of RTX in a report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $195.00 price target on shares of RTX in a report on Wednesday. Bank of America lifted their price target on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and an average price target of $164.13.

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated Thursday, July 24th. The stock was 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 owned 30,004 shares of the company's stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president directly owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last quarter. Corporate insiders own 0.15% of the company's stock.

About RTX

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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