Matauro LLC Makes New Investment in RTX Corporation $RTX

Key Points

• Matauro LLC has taken a new position in RTX Corporation, acquiring 1,827 shares valued at approximately $267,000 during the 2nd quarter.
• Wall Street analysts show a positive outlook for RTX, with price targets increased by several firms, including JPMorgan and Barclays, suggesting strong growth potential.
• Insider trading activity has been notable, with significant sales by executives, including Troy D. Brunk, whose transaction equated to a decrease of 31.76% in their position.

Matauro LLC bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,827 shares of the company's stock, valued at approximately $267,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the first quarter valued at about $26,000. PFS Partners LLC lifted 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 valued at $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of RTX in the first quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX in the first quarter valued at about $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of RTX in the first quarter valued at about $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RTX shares. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Barclays increased their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Susquehanna upped their target price on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group upped their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

RTX Stock Down 0.3%

Shares of NYSE:RTX opened at $166.68 on Friday. The stock has a market capitalization of $223.11 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 3.08 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $168.28. The company's fifty day moving average is $157.98 and its two-hundred day moving average is $143.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

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 analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. During the same quarter last year, the company earned $1.41 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider owned 16,442 shares of the company's stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the 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 completion of the sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.

RTX 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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