RTX Corporation $RTX Shares Bought by Moody Lynn & Lieberson LLC

Key Points

• Moody Lynn & Lieberson LLC increased its stake in RTX Corporation by 104.3% during the 2nd quarter, owning 48,210 shares worth approximately $7 million after purchasing an additional 24,616 shares.
• Several hedge funds acquired new stakes or increased their holdings in RTX, contributing to 86.50% of the stock being owned by institutional investors.
• Analysts have raised their price targets for RTX, with an average target of $158.87 and a consensus rating of "Moderate Buy." Barclays, Citigroup, and UBS have all set new price objectives on the stock.

Moody Lynn & Lieberson LLC grew its stake in RTX Corporation (NYSE:RTX - Free Report) by 104.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,210 shares of the company's stock after purchasing an additional 24,616 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in RTX were worth $7,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PFS Partners LLC increased its position in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after purchasing an additional 89 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in RTX during the 1st quarter worth $26,000. Summit Securities Group LLC acquired a new stake in shares of RTX in the first quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX in the first quarter worth about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in RTX during the first quarter worth about $50,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business's 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 completion of the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 value of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays increased their price objective on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Citigroup increased 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. UBS Group boosted their price objective on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley upped their target price on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, RTX has a consensus rating of "Moderate Buy" and an average target price of $158.87.

RTX Trading Up 1.9%

Shares of RTX stock opened at $163.50 on Monday. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $165.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a 50-day moving average of $156.93 and a two-hundred day moving average of $142.84. The firm has a market cap of $218.85 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates 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 previous year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current year.

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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