RTX Corporation $RTX Shares Sold by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors LLC has reduced its stake in RTX Corporation by 23.1%, selling 9,774 shares during the 2nd quarter, which now values their holdings at $4,746,000.
• Analysts have given RTX a consensus rating of "Moderate Buy" with a price target averaging $160.47, and three analysts rated it as a Strong Buy.
• In the most recent quarter, RTX reported $1.56 earnings per share (EPS), exceeding estimates, with total revenues of $21.58 billion, marking a 9.4% year-over-year increase.

Kingswood Wealth Advisors LLC reduced its stake in RTX Corporation (NYSE:RTX - Free Report) by 23.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,504 shares of the company's stock after selling 9,774 shares during the period. Kingswood Wealth Advisors LLC's holdings in RTX were worth $4,746,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. PFS Partners LLC lifted its position in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after acquiring an additional 89 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the 1st quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in shares of RTX in the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. acquired a new position in RTX during the first quarter worth approximately $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in RTX in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of RTX in a report on Saturday, September 27th. Bank of America lifted their price objective on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Susquehanna raised their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $160.47.

RTX Price Performance

Shares of NYSE:RTX opened at $169.03 on Tuesday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $169.75. The company has a 50-day moving average price of $158.44 and a 200 day moving average price of $144.27. The company has a market cap of $226.25 billion, a P/E ratio of 37.15, a PEG ratio of 3.07 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX - Get Free Report) last issued its 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the business posted $1.41 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Activity at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shane G. Eddy sold 25,968 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by insiders.

About RTX

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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