RTX Corporation $RTX Position Trimmed by Clarity Financial LLC

Key Points

• Clarity Financial LLC reduced its holdings in RTX Corporation by 37% during the second quarter, selling 36,290 shares to own 61,852 shares worth $9,032,000.
• In the latest earnings results, RTX Corporation reported an EPS of $1.56, exceeding analysts' expectations of $1.45, alongside a revenue increase of 9.4% year-over-year.
• Recent analyst reports have raised the target share price for RTX, with projections reaching as high as $175, indicating a favorable outlook for the stock among analysts.

Clarity Financial LLC trimmed its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 37.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,852 shares of the company's stock after selling 36,290 shares during the period. Clarity Financial LLC's holdings in RTX were worth $9,032,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bay Capital Advisors LLC acquired a new position in RTX in the 1st quarter worth approximately $224,000. Dynamic Advisor Solutions LLC boosted its stake in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after purchasing an additional 2,686 shares during the period. Brookwood Investment Group LLC acquired a new position in RTX in the 1st quarter worth approximately $1,288,000. LBP AM SA boosted its stake in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after purchasing an additional 41,990 shares during the period. Finally, Arizona State Retirement System boosted its stake in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after purchasing an additional 5,356 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RTX

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm's stock in a transaction on 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 transaction, the vice president owned 30,004 shares in the company, 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 have sold 56,635 shares of company stock worth $8,947,010 in the last ninety days. Company insiders own 0.15% of the company's stock.

RTX Stock Up 0.0%

RTX stock opened at $167.37 on Thursday. The company has a market capitalization of $224.03 billion, a P/E ratio of 36.78, a P/E/G ratio of 3.08 and a beta of 0.66. The firm's fifty day simple moving average is $157.75 and its 200-day simple moving average is $143.42. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $168.28.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The business 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%. RTX's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Barclays increased their target price 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. JPMorgan Chase & Co. increased their target price on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Bank of America increased their target price on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group increased their target price on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Three research 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $158.87.

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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