SGL Investment Advisors Inc. Makes New $217,000 Investment in RTX Corporation $RTX

Key Points

• SGL Investment Advisors Inc. has made a new investment of $217,000 in RTX Corporation, acquiring 1,495 shares during the 2nd quarter.
• RTX's recent quarterly earnings report showed an EPS of $1.56, exceeding analysts' expectations, with revenue hitting $21.58 billion, a 9.4% increase year-over-year.
• Several institutional investors, including Vanguard and Charles Schwab, have recently increased their stakes in RTX, with institutional ownership now at 86.50%.

SGL Investment Advisors Inc. bought a new position in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,495 shares of the company's stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock valued at $1,371,171,000 after purchasing an additional 104,139 shares in the last quarter. Invesco Ltd. boosted its stake in shares of RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock valued at $1,365,969,000 after purchasing an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock valued at $1,021,623,000 after purchasing an additional 65,493 shares in the last quarter. Finally, Nuveen LLC purchased a new position in RTX during the 1st quarter valued at about $916,739,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

RTX stock opened at $169.03 on Tuesday. The company has a market cap of $226.25 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.07 and a beta of 0.66. The firm's fifty day moving average is $158.44 and its 200 day moving average is $144.27. 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 Corporation has a 52-week low of $112.27 and a 52-week high of $169.75.

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, beating analysts' consensus estimates of $1.45 by $0.11. The company 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%. RTX's revenue was up 9.4% on a year-over-year basis. During the same quarter 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. Sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

RTX has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein upped their price target on shares of RTX from $157.00 to $181.00 and gave the stock a "market perform" rating in a research report on Monday. Susquehanna upped their price target on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. UBS Group upped their price target on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Bank of America upped their price target on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Three research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $160.47.

Insiders Place Their Bets

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

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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