RTX Corporation $RTX Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. reduced its position in RTX Corporation (NYSE:RTX) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,072 shares of the company’s stock after selling 1,815 shares during the period. RTX comprises about 2.7% of Godsey & Gibb Inc.’s holdings, making the stock its 6th largest position. Godsey & Gibb Inc.’s holdings in RTX were worth $29,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gries Financial LLC lifted its position in shares of RTX by 0.7% during the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after buying an additional 69 shares during the last quarter. TrueWealth Advisors LLC increased its stake in RTX by 3.6% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after purchasing an additional 70 shares in the last quarter. RMR Wealth Builders increased its holdings in RTX by 3.6% in the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock worth $297,000 after acquiring an additional 70 shares in the last quarter. Verum Partners LLC raised its stake in RTX by 1.8% during the second quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock valued at $598,000 after purchasing an additional 73 shares in the last quarter. Finally, Hamilton Capital LLC boosted its stake in shares of RTX by 3.6% in the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company’s stock worth $281,000 after buying an additional 74 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.5%

Shares of NYSE RTX opened at $169.03 on Tuesday. The stock has a market capitalization of $226.25 billion, a P/E ratio of 37.15, a P/E/G ratio of 3.07 and a beta of 0.66. 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 has a 50-day moving average price of $158.44 and a 200-day moving average price of $144.27. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $169.75.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.RTX’s 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, equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Transactions at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares of the company’s stock, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays boosted their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Saturday, September 27th. Susquehanna boosted their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Finally, UBS Group increased their price objective on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $160.47.

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.