Harbour Investments Inc. Acquires 115 Shares of RTX Corporation $RTX

Harbour Investments Inc. increased its holdings in shares of RTX Corporation (NYSE:RTXFree Report) by 0.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,420 shares of the company’s stock after purchasing an additional 115 shares during the quarter. Harbour Investments Inc.’s holdings in RTX were worth $2,982,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bay Capital Advisors LLC acquired a new position in RTX in the 1st quarter worth $224,000. Brookwood Investment Group LLC bought a new stake in shares of RTX in the first quarter valued at about $1,288,000. LBP AM SA boosted its position in shares of RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after buying an additional 41,990 shares during the period. Arizona State Retirement System boosted its position in shares of RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after buying an additional 5,356 shares during the period. Finally, Redwood Financial Network Corp acquired a new stake in RTX in the 1st quarter valued at approximately $243,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Morgan Stanley increased their target price on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group lifted their price target on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. 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 research note on Wednesday, July 23rd. Finally, Citigroup raised their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus target price of $164.13.

Check Out Our Latest Stock Report on RTX

RTX Price Performance

Shares of NYSE RTX opened at $156.94 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average price is $159.11 and its two-hundred day moving average price is $145.47. The company has a market cap of $210.07 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.96 and a beta of 0.66. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85.

RTX (NYSE:RTXGet Free Report) last posted 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the firm earned $1.41 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Insider Buying and Selling

In other news, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction dated 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 sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated 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. Over the last three months, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by insiders.

RTX Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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