RTX Corporation $RTX Stock Position Raised by IFC Advisors LLC

Key Points

• IFC Advisors LLC increased its stake in RTX Corporation by 6.1% in Q2, now holding 36,372 shares valued at approximately $5.3 million, representing 1.0% of its total holdings.
• RTX Corporation reported Q2 earnings of $1.56 EPS, beating estimates by $0.11, with revenue of $21.58 billion, reflecting a 9.4% year-over-year increase.
• Multiple research firms have raised their price targets for RTX shares, with Morgan Stanley increasing its target from $165 to $180 and UBS Group from $166 to $177.

IFC Advisors LLC lifted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 6.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,372 shares of the company's stock after buying an additional 2,087 shares during the period. RTX accounts for approximately 1.0% of IFC Advisors LLC's holdings, making the stock its 20th biggest position. IFC Advisors LLC's holdings in RTX were worth $5,311,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RTX. MorganRosel Wealth Management LLC bought a new position in RTX in the 1st quarter worth about $26,000. PFS Partners LLC grew its position in RTX by 101.1% in 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 bought a new position in RTX in the 1st quarter worth about $40,000. McClarren Financial Advisors Inc. bought a new position in RTX in the 1st quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX in the 1st quarter worth about $50,000. Institutional investors own 86.50% of the company's stock.

RTX Stock Up 0.7%

RTX stock opened at $158.83 on Tuesday. The company has a market capitalization of $212.59 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.93 and a beta of 0.66. The firm's fifty day simple moving average is $159.02 and its 200-day simple moving average is $145.30. 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 1-year low of $112.27 and a 1-year high of $170.85.

RTX (NYSE:RTX - Get Free Report) last posted 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period last year, the business posted $1.41 EPS. RTX's revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated 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 sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RTX. Morgan Stanley increased their price objective on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein increased their target price on shares of RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research note on Monday, October 6th. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research note on Monday, July 21st. The Goldman Sachs Group upped their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Finally, UBS Group upped their price target on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus price target of $164.13.

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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