Massachusetts Wealth Management Buys New Position in RTX Corporation $RTX

Massachusetts Wealth Management bought a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,251 shares of the company's stock, valued at approximately $1,205,000.

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

RTX Stock Performance

Shares of RTX 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 company has a market capitalization of $225.50 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 3.12 and a beta of 0.66. The stock has a 50 day moving average of $158.89 and a 200 day 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 issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion during 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%.RTX's revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the 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 sale, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last ninety days. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RTX shares. Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. 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 increased their price objective on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein increased their price objective on RTX from $157.00 to $181.00 and gave the stock a "market perform" rating in a research note on Monday. Finally, Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research note on Monday, July 21st. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.13.

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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