Lodestar Private Asset Management LLC Boosts Holdings in RTX Corporation $RTX

Lodestar Private Asset Management LLC boosted its position in shares of RTX Corporation (NYSE:RTX) by 9.5% in the second quarter, HoldingsChannel reports. The fund owned 1,788 shares of the company’s stock after purchasing an additional 155 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in RTX were worth $261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gries Financial LLC lifted its stake in shares of RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after buying an additional 69 shares in the last quarter. TrueWealth Advisors LLC lifted its stake in shares of RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock worth $293,000 after buying an additional 70 shares in the last quarter. RMR Wealth Builders lifted its stake in shares of RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock worth $297,000 after buying an additional 70 shares in the last quarter. Verum Partners LLC lifted its stake in shares of RTX by 1.8% in the second quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock worth $598,000 after buying an additional 73 shares in the last quarter. Finally, Hamilton Capital LLC lifted 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 in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $157.64 on Monday. The company’s 50 day simple moving average is $159.00 and its 200-day simple moving average is $145.11. The company has a market capitalization of $211.01 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $170.85. 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 (NYSE:RTX) last released 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 business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RTX. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. Barclays lifted their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Citigroup lifted their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Susquehanna lifted their target price 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.13.

Insiders Place Their Bets

In other news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

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.