Mutual of America Capital Management LLC Has $23.51 Million Stock Position in RTX Corporation $RTX

Key Points

• Mutual of America Capital Management LLC has reduced its stake in RTX Corporation by 1.2%, now holding shares worth approximately $23.51 million.
• Institutional investors own 86.50% of RTX stock, with several major financial firms recently adjusting their positions and target prices, notably Citigroup raising its target from $148.00 to $182.00.
• RTX's recent quarterly report showed an earnings per share (EPS) of $1.56, surpassing estimates, with revenues up by 9.4% year-over-year, reinforcing strong financial performance.

Mutual of America Capital Management LLC decreased its position in RTX Corporation (NYSE:RTX - Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,010 shares of the company's stock after selling 1,998 shares during the period. Mutual of America Capital Management LLC's holdings in RTX were worth $23,511,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of RTX in the 1st quarter worth approximately $916,739,000. Goldman Sachs Group Inc. raised its holdings in shares of RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after buying an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock worth $160,588,000 after buying an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of RTX in the 1st quarter worth approximately $130,194,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Transactions at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the 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 in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company's stock.

RTX Stock Up 0.6%

NYSE RTX opened at $158.04 on Friday. The firm has a market cap of $211.55 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock's 50 day simple moving average is $159.20 and its 200 day simple moving average is $145.90. RTX Corporation has a one year low of $112.27 and a one year 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 analysts' consensus estimates of $1.45 by $0.11. The firm 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 business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 EPS. 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 fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RTX. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Morgan Stanley increased their target price on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Barclays increased their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently 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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