RTX Corporation $RTX is Godsey & Gibb Inc.'s 6th Largest Position

Key Points

• Godsey & Gibb Inc. reduced its stake in RTX Corporation by 0.9% in Q2, making it the firm's 6th largest holding, valued at approximately $29.2 million.
• Several large investors, including Nuveen LLC and Goldman Sachs, have increased their positions in RTX, with institutional investors owning 86.5% of the stock.
• RTX reported a quarterly earnings per share of $1.56, surpassing analyst expectations, and set FY 2025 guidance at 5.800-5.950 EPS.

Godsey & Gibb Inc. lessened its stake in RTX Corporation (NYSE:RTX - Free Report) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 200,072 shares of the company's stock after selling 1,815 shares during the quarter. RTX makes up approximately 2.7% of Godsey & Gibb Inc.'s portfolio, making the stock its 6th biggest holding. Godsey & Gibb Inc.'s holdings in RTX were worth $29,215,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nuveen LLC purchased a new position in shares of RTX during the first quarter valued at approximately $916,739,000. Goldman Sachs Group Inc. grew its stake 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 during the last quarter. Vanguard Group Inc. raised its stake in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after buying an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of RTX by 1,178.2% in the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock worth $160,588,000 after acquiring an additional 1,117,506 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of RTX during the first quarter valued at $130,194,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Up 1.5%

Shares of RTX stock opened at $169.03 on Tuesday. The stock has a market cap of $226.25 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.07 and a beta of 0.66. The firm's 50-day moving average is $158.44 and its two-hundred day moving average is $144.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $169.75.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Buying and Selling at RTX

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

Analyst Ratings Changes

Several brokerages have issued reports on RTX. Sanford C. Bernstein raised their target price on RTX from $157.00 to $181.00 and gave the stock a "market perform" rating in a research report on Monday. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Susquehanna lifted their price target on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of RTX in a research note on Saturday, September 27th. Finally, Barclays increased their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Three 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.com, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $160.47.

RTX Company 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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