M3 Advisory Group LLC Acquires 69 Shares of RTX Corporation $RTX

M3 Advisory Group LLC lifted its position in shares of RTX Corporation (NYSE:RTX) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,631 shares of the company’s stock after acquiring an additional 69 shares during the quarter. M3 Advisory Group LLC’s holdings in RTX were worth $384,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. PFS Partners LLC boosted its holdings in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after acquiring an additional 89 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX during the 1st quarter valued at $26,000. Summit Securities Group LLC acquired a new stake in shares of RTX during the 1st quarter valued at $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX during the 1st quarter valued at $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of RTX during the 1st quarter valued at $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated 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 completion of the transaction, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Performance

RTX stock opened at $157.64 on Monday. The stock has a 50-day moving average price of $159.00 and a 200-day moving average price of $145.11. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market cap of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66.

RTX (NYSE:RTX) last posted its quarterly earnings data 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same period last year, the company posted $1.41 EPS. The business’s quarterly revenue 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, equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Sanford C. Bernstein raised their target price on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 target price on shares of RTX in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, RTX has an average rating of “Moderate Buy” and an average price target of $164.13.

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.