Parkwoods Wealth Partners LLC Acquires New Position in RTX Corporation $RTX

Key Points

• Parkwoods Wealth Partners LLC has acquired a new position in RTX Corporation, purchasing 1,849 shares valued at approximately $270,000 during the second quarter.
• Wall Street analysts are optimistic about RTX, with several firms raising their target prices; Barclays increased its target from $130.00 to $153.00, and UBS raised theirs from $166.00 to $177.00.
• Insiders have recently sold significant shares of RTX, with Philip J. Jasper selling 12,847 shares for over $2 million, representing a 42.08% decrease in his holdings.

Parkwoods Wealth Partners LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,849 shares of the company's stock, valued at approximately $270,000.

Other large investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the 1st quarter valued at about $26,000. PFS Partners LLC raised its holdings in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after buying an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of RTX in the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. bought a new stake in shares of RTX in the 1st quarter valued at about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of RTX in the 1st quarter valued at about $50,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RTX shares. Barclays boosted their target price on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada reissued an "outperform" rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group boosted their target price on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $158.87.

Insider Buying and Selling at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on 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 in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company's stock.

RTX Stock Performance

RTX stock opened at $167.31 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $223.95 billion, a P/E ratio of 36.77, a PEG ratio of 3.02 and a beta of 0.67. The stock's 50 day moving average is $157.53 and its 200 day moving average is $143.25. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. The company had revenue of $21.58 billion for 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%.The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

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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