RTX Corporation $RTX Shares Bought by DDD Partners LLC

Key Points

• DDD Partners LLC increased its stake in RTX Corporation by 3.0%, owning 82,077 shares valued at approximately $11.98 million following the acquisition of additional shares.
• Company insiders, including Troy D. Brunk and Philip J. Jasper, have sold a combined total of over 46,000 shares in recent months, significantly reducing their ownership positions.
• RTX's stock has been given several price target upgrades, with Robert W. Baird setting the highest at $203.00, while the company currently holds a Moderate Buy consensus rating.

DDD Partners LLC grew its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,077 shares of the company's stock after acquiring an additional 2,382 shares during the period. DDD Partners LLC's holdings in RTX were worth $11,985,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of RTX. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the 1st quarter worth approximately $26,000. PFS Partners LLC raised its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of RTX during the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the 1st quarter worth approximately $44,000. Finally, Briaud Financial Planning Inc raised its position in shares of RTX by 25.4% during the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the company's 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 of the company's stock, valued at approximately $2,790,888.88. This trade represents 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 46,469 shares of company stock valued at $7,364,841. Company insiders own 0.15% of the company's stock.

RTX Trading Up 0.2%

Shares of NYSE RTX traded up $0.42 during trading on Friday, hitting $179.86. 342,251 shares of the company traded hands, compared to its average volume of 5,129,196. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $180.50. The company has a 50-day moving average price of $160.59 and a 200-day moving average price of $147.14. The firm has a market capitalization of $241.15 billion, a P/E ratio of 36.90, a P/E/G ratio of 3.23 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion during the quarter, compared to analysts' expectations of $21.26 billion. During the same period in the previous year, the company earned $1.45 EPS. The business's quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on RTX. Robert W. Baird set a $203.00 price target on RTX in a report on Wednesday. Weiss Ratings reiterated a "buy (b-)" rating on shares of RTX in a report on Wednesday, October 8th. Citigroup boosted their price target on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. Bank of America boosted their price target on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.