TFB Advisors LLC Invests $223,000 in RTX Corporation $RTX

Key Points

• TFB Advisors LLC has invested approximately $223,000 in RTX Corporation by purchasing 1,530 shares, indicating growing interest from institutional investors.
• Multiple analysts have recently upgraded RTX, with Citigroup raising its price target from $148.00 to $182.00 and maintaining a "buy" rating.
• RTX Corporation reported $22.48 billion in revenue for its latest quarter, exceeding expectations, and set its FY 2025 EPS guidance at 6.100-6.200.

TFB Advisors LLC purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,530 shares of the company's stock, valued at approximately $223,000.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew 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 acquiring an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock worth $1,371,171,000 after purchasing an additional 104,139 shares during the last quarter. Invesco Ltd. grew its stake in 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 acquiring an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of RTX by 0.9% in the first 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 acquired a new stake in shares of RTX in the 1st quarter worth $916,739,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Susquehanna boosted their price target on shares of RTX from $175.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday. Morgan Stanley set a $215.00 price objective on RTX and gave the company an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Robert W. Baird set a $203.00 price target on RTX in a report on Wednesday. Two equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $175.80.

RTX Stock Up 0.8%

Shares of NYSE:RTX opened at $179.33 on Friday. The firm's 50-day simple moving average is $160.59 and its 200-day simple moving average is $147.14. The company has a market cap of $240.45 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 3.23 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $179.98.

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

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the company's 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. Insiders have sold a total of 46,469 shares of company stock valued at $7,364,841 over the last quarter. Insiders own 0.15% of the company's stock.

About RTX

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.