US Bancorp DE Cuts Position in RTX Corporation $RTX

Key Points

• US Bancorp DE decreased its holdings in RTX Corporation by 0.7%, maintaining approximately 926,531 shares worth around $135.29 million.
• Recent trading activity by company insiders included EVP Ramsaran Maharajh selling 1,462 shares and VP Kevin G. Dasilva selling 8,704 shares, indicating notable insider activity.
• Analyst ratings for RTX have varied, with some lowering ratings while others have increased price targets, contributing to a current average rating of "Moderate Buy" and a consensus target price of $164.13.

US Bancorp DE lessened its holdings in RTX Corporation (NYSE:RTX - Free Report) by 0.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 926,531 shares of the company's stock after selling 6,483 shares during the quarter. US Bancorp DE owned about 0.07% of RTX worth $135,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bay Capital Advisors LLC purchased a new stake in shares of RTX during the first quarter valued at approximately $224,000. Dynamic Advisor Solutions LLC grew its holdings in shares of RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after buying an additional 2,686 shares during the last quarter. Brookwood Investment Group LLC purchased a new stake in shares of RTX during the first quarter valued at approximately $1,288,000. LBP AM SA grew its holdings in shares of RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company's stock valued at $36,980,000 after buying an additional 41,990 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock valued at $51,741,000 after buying an additional 5,356 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction 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 directly owned 13,184 shares of the company's stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. 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 RTX stock in a transaction on 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 directly owned 30,004 shares of the company's stock, valued at $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. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 in the last 90 days. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Weiss Ratings reiterated a "buy (b-)" rating on shares of RTX in a report on Wednesday. Morgan Stanley increased their price target on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group increased their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. Finally, Barclays increased their price objective on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.13.

RTX Stock Down 0.5%

RTX opened at $168.47 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85. The company has a market capitalization of $225.50 billion, a PE ratio of 37.03, a PEG ratio of 3.12 and a beta of 0.66. The firm's 50 day simple moving average is $158.89 and its two-hundred day simple moving average is $144.61.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm 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%. The company's revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts forecast that RTX Corporation will post 6.11 EPS 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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