Sava Infond d.o.o. Increases Stake in RTX Corporation $RTX

Key Points

• Sava Infond d.o.o. increased its stake in RTX Corporation by 25.4% during the 2nd quarter, owning 14,800 shares worth $2,161,000 after acquiring an additional 3,000 shares.
• Insider Philip J. Jasper sold 12,847 shares, representing a 42.08% decrease in his position, while another insider, Troy D. Brunk, sold 7,654 shares, down 31.76% in their holdings.
• Analysts have a moderate outlook on RTX, with the stock receiving several price target increases, including UBS raising its target from $166.00 to $177.00, while maintaining a "buy" rating.

Sava Infond d.o.o. grew its position in RTX Corporation (NYSE:RTX - Free Report) by 25.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,800 shares of the company's stock after acquiring an additional 3,000 shares during the quarter. Sava Infond d.o.o.'s holdings in RTX were worth $2,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PFS Partners LLC raised its stake in shares of 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 period. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the first quarter valued at $26,000. Summit Securities Group LLC purchased a new stake in shares of RTX in the first quarter valued at $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX in the first quarter valued at $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of RTX in the first quarter valued at $50,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In other RTX 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 transaction of $2,027,513.54. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the firm's 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 transaction, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% 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 worth $8,947,010. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research note on Monday, July 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of RTX in a research note on Saturday, September 27th. The Goldman Sachs Group raised their price target on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Finally, Susquehanna raised their price target on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.87.

RTX Trading Up 0.1%

RTX stock opened at $166.73 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $168.28. The firm's 50-day moving average is $158.18 and its 200 day moving average is $143.89. The company has a market capitalization of $223.18 billion, a PE ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66.

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

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.

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