Sax Wealth Advisors LLC Buys Shares of 5,894 RTX Corporation $RTX

Key Points

• Sax Wealth Advisors LLC acquired 5,894 shares of RTX Corporation during the second quarter, with a total investment of approximately $861,000.
• RTX Corporation recently reported earnings of $1.56 per share, surpassing analyst expectations, and announced a revenue of $21.58 billion for the quarter.
• Several brokerages have recently upgraded their price targets on RTX, with UBS Group increasing it from $166 to $177 and Citigroup raising theirs from $148 to $182.

Sax Wealth Advisors LLC bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,894 shares of the company's stock, valued at approximately $861,000.

Several other large investors also recently bought and sold shares of RTX. MorganRosel Wealth Management LLC acquired a new stake in RTX in the first quarter valued at $26,000. PFS Partners LLC lifted its position 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 in the last quarter. 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, Financial Gravity Asset Management Inc. purchased a new stake in shares of RTX in the first quarter valued at $50,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Price Performance

RTX opened at $168.47 on Thursday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85. The company has a 50 day moving average of $158.89 and a two-hundred day moving average of $144.61. The company has a market cap of $225.50 billion, a P/E ratio of 37.03, a P/E/G ratio of 3.12 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 posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating 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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the previous year, the business posted $1.41 EPS. The business'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. On average, analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on RTX. UBS Group upped their price objective on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Weiss Ratings restated a "buy (b-)" rating on shares of RTX in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $195.00 price objective on shares of RTX in a research report on Wednesday. Finally, Morgan Stanley upped their price objective on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.13.

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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