Trilogy Capital Inc. Reduces Stake in RTX Corporation $RTX

Key Points

• Trilogy Capital Inc. has reduced its stake in RTX Corporation by 38.5%, now owning 2,977 shares worth $435,000.
• Institutional investors including Vanguard Group Inc. and Invesco Ltd. have recently increased their stakes in RTX, with institutional ownership standing at 86.5%.
• RTX's latest earnings report showed a net income increase and an EPS of $1.56, surpassing analyst estimates, with a revenue of $21.58 billion for the quarter.

Trilogy Capital Inc. lowered its stake in RTX Corporation (NYSE:RTX - Free Report) by 38.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,977 shares of the company's stock after selling 1,864 shares during the period. Trilogy Capital Inc.'s holdings in RTX were worth $435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in RTX by 1.0% in the first 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. lifted its stake in RTX by 1.5% in the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock worth $1,365,969,000 after purchasing an additional 154,544 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in RTX by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock worth $1,021,623,000 after purchasing an additional 65,493 shares during the last quarter. Finally, Nuveen LLC bought a new stake in RTX in the first quarter worth about $916,739,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup raised their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. raised their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group lifted their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research note on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

RTX Stock Performance

Shares of NYSE:RTX opened at $167.37 on Thursday. The company has a market capitalization of $224.03 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $168.28. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $157.75 and a 200 day moving average of $143.42.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion during 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 for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Company insiders own 0.15% of the company's stock.

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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