Secured Retirement Advisors LLC Purchases Shares of 6,962 RTX Corporation $RTX

Key Points

• Secured Retirement Advisors LLC purchased 6,962 shares of RTX Corporation, valued at approximately $1,017,000, during the second quarter.
• Wall Street analysts are optimistic about RTX, with the average target price rising to $160.47 and ratings including two "Strong Buy" and fourteen "Buy" recommendations.
• Insider activity includes VP Kevin G. Dasilva selling 8,704 shares, resulting in a 22.49% decrease in his ownership, as insiders sold a total of 56,635 shares in three months.

Secured Retirement Advisors LLC purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,962 shares of the company's stock, valued at approximately $1,017,000.

A number of other institutional investors have also recently bought and sold shares of the stock. PFS Partners LLC raised its holdings 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 purchasing an additional 89 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the first quarter valued at approximately $26,000. Summit Securities Group LLC acquired a new stake in shares of RTX in the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX in the first quarter valued at approximately $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of RTX in the first quarter valued at approximately $50,000. Institutional investors 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. Sanford C. Bernstein lifted their price objective on shares of RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a report on Monday. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a report on Monday, July 21st. Bank of America boosted their target price on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. UBS Group boosted their target price on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $170.00 target price (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.47.

Insider Buying and Selling

In other news, 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 transaction, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The shares were 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. Over the last three months, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by insiders.

RTX Price Performance

NYSE:RTX opened at $169.48 on Wednesday. The company has a market cap of $226.86 billion, a P/E ratio of 37.25, a P/E/G ratio of 3.11 and a beta of 0.66. The firm's fifty day moving average price is $158.69 and its two-hundred day moving average price is $144.45. RTX Corporation has a one year low of $112.27 and a one year high of $170.36. 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 (NYSE:RTX - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

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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