Concord Asset Management LLC VA Makes New $333,000 Investment in RTX Corporation $RTX

Concord Asset Management LLC VA bought a new position in RTX Corporation (NYSE:RTX) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,281 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its position in RTX by 11.2% in the second quarter. Sequoia Financial Advisors LLC now owns 606,553 shares of the company’s stock worth $88,569,000 after buying an additional 61,106 shares during the last quarter. Vest Financial LLC raised its stake in shares of RTX by 39.3% in the second quarter. Vest Financial LLC now owns 27,954 shares of the company’s stock valued at $4,082,000 after acquiring an additional 7,885 shares during the period. M.E. Allison & CO. Inc. raised its stake in shares of RTX by 9.4% in the second quarter. M.E. Allison & CO. Inc. now owns 1,689 shares of the company’s stock valued at $247,000 after acquiring an additional 145 shares during the period. Lion Street Advisors LLC purchased a new stake in shares of RTX in the second quarter valued at $209,000. Finally, Pegasus Asset Management Inc. grew its holdings in RTX by 2.2% during the 2nd quarter. Pegasus Asset Management Inc. now owns 51,183 shares of the company’s stock valued at $7,474,000 after purchasing an additional 1,109 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction on 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by company insiders.

RTX Trading Up 0.7%

NYSE:RTX opened at $158.83 on Tuesday. RTX Corporation has a one year low of $112.27 and a one 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. The firm has a market cap of $212.59 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.93 and a beta of 0.66. The firm has a 50-day simple moving average of $159.02 and a 200-day simple moving average of $145.30.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.35% and a return on equity of 12.89%. RTX’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Susquehanna upped their price target on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group upped their price target on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average price target of $164.13.

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.