RTX Corporation $RTX Shares Sold by Trilogy Capital Inc.

Trilogy Capital Inc. cut its holdings in shares of RTX Corporation (NYSE:RTX) by 38.5% during the second quarter, HoldingsChannel.com reports. The firm owned 2,977 shares of the company’s stock after selling 1,864 shares during the period. Trilogy Capital Inc.’s holdings in RTX were worth $435,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. QTR Family Wealth LLC increased its position in shares of RTX by 13.9% during the second quarter. QTR Family Wealth LLC now owns 2,267 shares of the company’s stock worth $331,000 after purchasing an additional 277 shares in the last quarter. Loudon Investment Management LLC purchased a new stake in shares of RTX during the second quarter valued at $536,000. Marino Stram & Associates LLC grew its holdings in shares of RTX by 7.0% during the second quarter. Marino Stram & Associates LLC now owns 3,774 shares of the company’s stock valued at $551,000 after buying an additional 248 shares during the last quarter. Pacific Point Advisors LLC acquired a new position in shares of RTX in the 2nd quarter valued at $207,000. Finally, Impact Capital Partners LLC increased its position in shares of RTX by 3.8% in the 2nd quarter. Impact Capital Partners LLC now owns 3,347 shares of the company’s stock valued at $489,000 after acquiring an additional 122 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

Shares of RTX opened at $167.37 on Thursday. The business’s 50-day moving average is $157.75 and its two-hundred day moving average is $143.42. The company has a market capitalization of $224.03 billion, a P/E ratio of 36.78, a P/E/G ratio of 3.08 and a beta of 0.66. 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 Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $168.28.

RTX (NYSE:RTX) last announced 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 company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. 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. Research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RTX. The Goldman Sachs Group upped their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, June 23rd. Susquehanna upped 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. Sanford C. Bernstein upped their target price on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, Citigroup upped their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Three 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.87.

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.