Albion Financial Group UT Has $118,000 Stock Position in RTX Corporation $RTX

Albion Financial Group UT decreased its position in shares of RTX Corporation (NYSE:RTX) by 54.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 807 shares of the company’s stock after selling 964 shares during the quarter. Albion Financial Group UT’s holdings in RTX were worth $118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Investment Advisory Services Inc. TX ADV raised its stake in RTX by 5.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 13,587 shares of the company’s stock worth $1,984,000 after buying an additional 734 shares during the last quarter. Moody Lynn & Lieberson LLC grew its holdings in RTX by 104.3% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 48,210 shares of the company’s stock worth $7,040,000 after acquiring an additional 24,616 shares during the period. Smith Salley Wealth Management raised its position in shares of RTX by 3.6% in the 2nd quarter. Smith Salley Wealth Management now owns 217,340 shares of the company’s stock worth $31,736,000 after acquiring an additional 7,625 shares in the last quarter. City Holding Co. lifted its stake in shares of RTX by 1.0% in the 2nd quarter. City Holding Co. now owns 14,175 shares of the company’s stock valued at $2,070,000 after purchasing an additional 134 shares during the period. Finally, Grandview Asset Management LLC boosted its position in shares of RTX by 27.6% during the 2nd quarter. Grandview Asset Management LLC now owns 5,222 shares of the company’s stock valued at $762,000 after purchasing an additional 1,128 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RTX. Bank of America lifted their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Barclays lifted their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Morgan Stanley raised their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, UBS Group upped their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Three 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 has a consensus rating of “Moderate Buy” and an average target price of $158.87.

Insider Activity

In other 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 transaction of $4,149,426.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.

RTX Stock Up 1.9%

RTX stock opened at $163.50 on Monday. The firm has a 50 day moving average price of $156.93 and a 200-day moving average price of $142.84. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $165.35. The company 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.

RTX (NYSE:RTX) last posted 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. RTX’s revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

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.