Wealthstream Advisors Inc. Makes New $273,000 Investment in RTX Corporation $RTX

Key Points

• Wealthstream Advisors Inc. has made a new investment of $273,000 in RTX Corporation, acquiring 1,869 shares during the second quarter.
• Analysts are optimistic about RTX, with Deutsche Bank maintaining a "buy" rating and a price target of $195.00, while Citigroup raised its target to $182.00.
• RTX reported strong quarterly earnings, with $1.56 earnings per share and revenues of $21.58 billion, exceeding analyst expectations significantly.

Wealthstream Advisors Inc. acquired a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,869 shares of the company's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC purchased a new position in shares of RTX in the 1st quarter worth approximately $26,000. PFS Partners LLC boosted its stake in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after buying an additional 89 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of RTX in the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX in the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of RTX in the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Barclays increased their target price on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Bank of America increased their target price on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.13.

RTX Trading Up 0.6%

RTX stock opened at $158.04 on Friday. The stock has a market cap of $211.55 billion, a P/E ratio of 34.73, a PEG ratio of 2.93 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The firm's fifty day moving average price is $159.20 and its 200-day moving average price is $145.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 over the last quarter. Insiders own 0.15% of the company's stock.

RTX 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.

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX - Free Report).

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.