RTX Corporation $RTX Shares Sold by Wealth Architects LLC

Key Points

• Wealth Architects LLC sold 3,272 shares of RTX Corporation, reducing its position by 27.5%, leaving it with 8,614 shares valued at approximately $1.26 million.
• Analysts are optimistic about RTX's growth, with UBS and Bank of America both raising their price targets and issuing 'buy' ratings, while the consensus price target stands at $164.13.
• RTX recently reported earnings of $1.56 per share, exceeding estimates, with revenue reaching $21.58 billion, up 9.4% year-over-year.

Wealth Architects LLC decreased its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 27.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,614 shares of the company's stock after selling 3,272 shares during the quarter. Wealth Architects LLC's holdings in RTX were worth $1,258,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gries Financial LLC boosted its holdings in shares of RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company's stock valued at $1,428,000 after purchasing an additional 69 shares during the last quarter. M3 Advisory Group LLC increased its holdings in shares of RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company's stock worth $384,000 after buying an additional 69 shares during the last quarter. TrueWealth Advisors LLC raised its position in shares of RTX by 3.6% in the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock worth $293,000 after buying an additional 70 shares during the period. RMR Wealth Builders boosted its holdings in RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company's stock valued at $297,000 after acquiring an additional 70 shares during the last quarter. Finally, Verum Partners LLC increased its stake in RTX by 1.8% during the second quarter. Verum Partners LLC now owns 4,093 shares of the company's stock worth $598,000 after acquiring an additional 73 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research analyst reports. UBS Group lifted their price objective on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Bank of America lifted their price target on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $195.00 price objective on shares of RTX in a research report on Wednesday. Barclays lifted their target price 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. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $164.13.

RTX Price Performance

Shares of RTX stock opened at $157.64 on Monday. The company has a market capitalization of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The firm has a fifty day simple moving average of $159.00 and a 200-day simple moving average of $145.11. 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 twelve month low of $112.27 and a twelve month high of $170.85.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 7,654 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at approximately $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 can be accessed through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction that occurred on 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 sale, the insider 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company's stock.

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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