RTX Corporation $RTX Shares Acquired by Valley National Advisers Inc.

Key Points

• Valley National Advisers increased its RTX stake by 325.5% in the third quarter, holding 15,094 shares valued at approximately $2.8 million. Institutional investors collectively own 86.5% of RTX.
• RTX reported stronger-than-expected quarterly results, with EPS of $2.26 versus the $1.78 consensus and revenue of $24.96 billion, up 11.1% year over year.
• Shares recently traded at $191.10, down 1.9%, while analysts maintained a “Moderate Buy” consensus rating with an average price target of $227.12.

Valley National Advisers Inc. grew its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 325.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,094 shares of the company's stock after acquiring an additional 11,547 shares during the period. Valley National Advisers Inc.'s holdings in RTX were worth $2,802,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Montz Harcus Wealth Management LLC increased its holdings in RTX by 3.2% during the 2nd quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company's stock worth $311,000 after purchasing an additional 51 shares during the period. Safeguard Investment Advisory Group LLC raised its position in RTX by 2.4% during the 2nd quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company's stock valued at $430,000 after purchasing an additional 53 shares in the last quarter. Investment Research Partners LLC lifted its holdings in shares of RTX by 2.3% in the 3rd quarter. Investment Research Partners LLC now owns 2,502 shares of the company's stock worth $464,000 after buying an additional 56 shares during the period. LexAurum Advisors LLC lifted its holdings in shares of RTX by 0.7% in the 3rd quarter. LexAurum Advisors LLC now owns 8,256 shares of the company's stock worth $1,533,000 after buying an additional 57 shares during the period. Finally, Dogwood Wealth Management LLC lifted its holdings in shares of RTX by 21.5% in the 2nd quarter. Dogwood Wealth Management LLC now owns 328 shares of the company's stock worth $62,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Down 1.9%

RTX opened at $191.10 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The firm has a market cap of $257.88 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.32 and a beta of 0.31. RTX Corporation has a 12 month low of $166.74 and a 12 month high of $226.88. The stock has a fifty day moving average price of $196.68 and a 200-day moving average price of $193.62.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.48. The company had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 earnings per share. As a group, equities research analysts anticipate that RTX Corporation will post 7.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group raised their price target on RTX from $209.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday. Royal Bank Of Canada decreased their price objective on RTX from $250.00 to $235.00 and set an "outperform" rating for the company in a report on Thursday, October 15th. Barclays upped their price objective on shares of RTX from $223.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday. DA Davidson increased their target price on shares of RTX from $192.00 to $219.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. Finally, Morgan Stanley reissued an "overweight" rating and set a $240.00 target price (up from $220.00) on shares of RTX in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $227.12.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 2,250 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the transaction, the vice president owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, secured a $350 million U.S. Air Force contract modification, reinforcing defense backlog visibility and supporting future revenue. RTX's Raytheon Secures $350 Million US Air Force Contract Modification
• Positive Sentiment: Erste Group Bank raised its RTX EPS forecasts to $7.30 for fiscal 2026 and $7.90 for fiscal 2027, citing improving expectations. The 2027 estimate is above the current consensus of $7.72. Erste Group Bank RTX earnings estimates
• Positive Sentiment: Analyst commentary continues to point to record third-quarter results, strong backlogs, aircraft production growth and resilient demand for replacement parts, repairs, engines and avionics. RTX’s latest reported quarter also exceeded earnings and revenue expectations. Are RTX Corporation and Northrop Grumman Ready to Break Out?
• Positive Sentiment: Collins Aerospace plans a 2027 radio-altimeter upgrade for business aircraft to meet new FAA standards and improve resilience to 5G interference. The program could generate recurring upgrade and service demand without requiring full avionics replacements. What Does RTX Altimeter Upgrade Push Mean For Business Aviation?
• Neutral Sentiment: Several articles concern NVIDIA GeForce RTX graphics cards, stolen GPUs and gaming products. Those stories are unrelated to RTX Corporation and should not be treated as catalysts for RTX stock.

About RTX

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.

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