TBH Global Asset Management LLC Sells 900 Shares of RTX Corporation $RTX

TBH Global Asset Management LLC cut its position in RTX Corporation (NYSE:RTX) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,496 shares of the company’s stock after selling 900 shares during the period. TBH Global Asset Management LLC’s holdings in RTX were worth $2,117,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RTX. Vanguard Group Inc. boosted its holdings in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after purchasing an additional 104,139 shares during the last quarter. Invesco Ltd. boosted 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of RTX by 0.9% during 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 acquired a new stake in shares of RTX in the first quarter valued at $916,739,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 1.9%

Shares of NYSE RTX opened at $163.50 on Friday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $165.35. The firm has a market capitalization of $218.85 billion, a P/E ratio of 35.93, a P/E/G ratio of 3.01 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company’s 50 day simple moving average is $156.93 and its 200 day simple moving average is $142.75.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RTX. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. UBS Group upped their target price on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Citigroup raised their price target on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. The Goldman Sachs Group boosted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

Insiders Place Their Bets

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the 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 transaction, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. 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 in the last ninety days. 0.15% of the stock is currently 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.