FLC Capital Advisors Decreases Stake in RTX Corporation $RTX

FLC Capital Advisors reduced its stake in RTX Corporation (NYSE:RTX) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,532 shares of the company’s stock after selling 868 shares during the period. FLC Capital Advisors’ holdings in RTX were worth $1,538,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RTX. Lyell Wealth Management LP increased its stake in shares of RTX by 18.9% during the second quarter. Lyell Wealth Management LP now owns 7,408 shares of the company’s stock valued at $1,082,000 after buying an additional 1,180 shares during the period. Stephens Inc. AR increased its stake in shares of RTX by 1.8% during the second quarter. Stephens Inc. AR now owns 103,400 shares of the company’s stock valued at $15,098,000 after buying an additional 1,867 shares during the period. Calamos Wealth Management LLC increased its stake in shares of RTX by 7.6% during the second quarter. Calamos Wealth Management LLC now owns 9,881 shares of the company’s stock valued at $1,443,000 after buying an additional 694 shares during the period. Crux Wealth Advisors increased its stake in shares of RTX by 39.5% during the second quarter. Crux Wealth Advisors now owns 3,094 shares of the company’s stock valued at $452,000 after buying an additional 876 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in shares of RTX by 6.6% during the second quarter. Chicago Partners Investment Group LLC now owns 11,397 shares of the company’s stock valued at $1,784,000 after buying an additional 707 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RTX has been the topic of several research analyst reports. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Citigroup boosted their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. Finally, 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 note on Wednesday, July 23rd. Two 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

RTX Trading Up 0.6%

NYSE RTX opened at $158.04 on Monday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85. The stock has a market cap of $211.55 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.93 and a beta of 0.66. The stock’s fifty day moving average price is $159.20 and its 200-day moving average price is $146.01. 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 (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS 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 firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The company’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 analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on 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 sale, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

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.