Strategic Blueprint LLC Buys 1,732 Shares of RTX Corporation $RTX

Key Points

• Strategic Blueprint LLC increased its stake in RTX Corporation by 20.7%, acquiring an additional 1,732 shares and holding a total of 10,115 shares worth approximately $1.477 million.
• RTX reported earnings per share (EPS) of $1.70 for the latest quarter, surpassing analysts' expectations of $1.41, and a revenue of $22.48 billion, up 11.9% year-over-year.
• Various analysts have raised their price targets for RTX, with Susquehanna now setting a target of $205, reflecting a strong consensus rating of "Moderate Buy".

Strategic Blueprint LLC lifted its stake in RTX Corporation (NYSE:RTX - Free Report) by 20.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,115 shares of the company's stock after purchasing an additional 1,732 shares during the period. Strategic Blueprint LLC's holdings in RTX were worth $1,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bay Capital Advisors LLC acquired a new stake in RTX during the 1st quarter worth $224,000. Brookwood Investment Group LLC acquired a new stake in RTX during the 1st quarter worth $1,288,000. LBP AM SA raised its stake in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after buying an additional 41,990 shares during the period. Arizona State Retirement System raised its stake in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after buying an additional 5,356 shares during the period. Finally, Redwood Financial Network Corp acquired a new stake in RTX during the 1st quarter worth $243,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

RTX opened at $178.79 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. The business's 50-day moving average price is $161.09 and its two-hundred day moving average price is $147.55. The company has a market capitalization of $239.72 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 3.20 and a beta of 0.66. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $180.50.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.RTX's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on RTX shares. Bank of America raised their price objective on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Robert W. Baird set a $203.00 price objective on RTX in a research note on Wednesday. Susquehanna raised their price objective on RTX from $175.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday. Barclays lifted their price target on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given 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 an average price target of $175.80.

Insider Activity at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,469 shares of company stock valued at $7,364,841. 0.15% of the stock is owned by 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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