RTX Corporation $RTX Shares Sold by Forum Financial Management LP

Forum Financial Management LP cut its position in RTX Corporation (NYSE:RTX) by 19.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,828 shares of the company’s stock after selling 3,957 shares during the quarter. Forum Financial Management LP’s holdings in RTX were worth $2,457,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after purchasing an additional 104,139 shares during the period. Invesco Ltd. lifted its position in RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after acquiring an additional 154,544 shares during the period. Dimensional Fund Advisors LP lifted its position in RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares during the period. Finally, Nuveen LLC acquired a new stake in RTX during the 1st quarter worth approximately $916,739,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The sale 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 firm’s stock in a transaction dated Wednesday, August 27th. The shares were 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 ninety days, insiders have sold 46,469 shares of company stock worth $7,364,841. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RTX has been the subject of several research analyst reports. The Goldman Sachs Group raised their price objective on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Morgan Stanley set a $215.00 price objective on RTX and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.80.

RTX Price Performance

Shares of RTX stock opened at $177.86 on Thursday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $178.76. The stock has a market capitalization of $238.07 billion, a P/E ratio of 36.52, a PEG ratio of 3.10 and a beta of 0.66. 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 business’s fifty day moving average price is $160.11 and its 200 day moving average price is $146.72.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.45% and a net margin of 7.67%.The firm had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

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.