Lazari Capital Management Inc. Decreases Stock Holdings in RTX Corporation $RTX

Lazari Capital Management Inc. trimmed its holdings in RTX Corporation (NYSE:RTX) by 6.3% during the second quarter, HoldingsChannel reports. The firm owned 4,572 shares of the company’s stock after selling 310 shares during the period. Lazari Capital Management Inc.’s holdings in RTX were worth $668,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of RTX. Nuveen LLC purchased a new position in RTX in the 1st quarter worth approximately $916,739,000. Goldman Sachs Group Inc. raised its position in shares of RTX by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after buying an additional 1,394,918 shares during the period. Vanguard Group Inc. raised its position in shares of RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after buying an additional 1,357,328 shares during the period. 1832 Asset Management L.P. raised its position in shares of RTX by 1,178.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after buying an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of RTX during the 1st quarter valued at approximately $130,194,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated 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 sale, the insider directly 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 sale 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 company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by insiders.

RTX Stock Performance

NYSE RTX opened at $163.50 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $165.35. The company has a market capitalization of $218.85 billion, a PE ratio of 35.93, a P/E/G ratio of 3.01 and a beta of 0.67. The company has a fifty day moving average of $156.93 and a two-hundred day moving average of $142.84.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the firm posted $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, analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on RTX. JPMorgan Chase & Co. lifted their price target on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report 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 report on Monday, June 23rd. Morgan Stanley boosted their target price on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group boosted their target price on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Susquehanna boosted their target price on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $158.87.

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.