REAP Financial Group LLC Has $71,000 Position in RTX Corporation $RTX

REAP Financial Group LLC increased its stake in shares of RTX Corporation (NYSE:RTX) by 74.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 486 shares of the company’s stock after acquiring an additional 207 shares during the period. REAP Financial Group LLC’s holdings in RTX were worth $71,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RTX. Nuveen LLC bought a new stake in RTX during the first quarter worth about $916,739,000. Goldman Sachs Group Inc. raised its holdings in RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after acquiring an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. raised its holdings in RTX by 1.1% during the first 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. 1832 Asset Management L.P. raised its holdings in RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after acquiring an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in RTX during the first quarter worth about $130,194,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on RTX shares. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Susquehanna upped their price objective on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Two equities research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value 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 represents a 31.76% 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 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

RTX Price Performance

Shares of NYSE RTX opened at $168.47 on Thursday. The firm has a market cap of $225.50 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85. The business’s 50 day moving average is $158.89 and its 200-day moving average is $144.61.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

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.