RTX Corporation $RTX Stock Holdings Trimmed by Allied Investment Advisors LLC

Allied Investment Advisors LLC decreased its position in shares of RTX Corporation (NYSE:RTX) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,349 shares of the company’s stock after selling 1,305 shares during the period. RTX makes up approximately 2.7% of Allied Investment Advisors LLC’s holdings, making the stock its 10th largest holding. Allied Investment Advisors LLC’s holdings in RTX were worth $15,237,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bay Capital Advisors LLC bought a new position in shares of RTX during the first quarter valued at about $224,000. Brookwood Investment Group LLC bought a new position in shares of RTX during the first quarter valued at about $1,288,000. LBP AM SA grew its stake in shares of RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after buying an additional 41,990 shares during the last quarter. Arizona State Retirement System grew its stake 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 valued at $51,741,000 after buying an additional 5,356 shares during the last quarter. Finally, Redwood Financial Network Corp bought a new position in shares of RTX during the first quarter valued at about $243,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction that occurred 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 directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,469 shares of company stock valued at $7,364,841 in the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Bank of America raised their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Citigroup raised their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Susquehanna raised their target price on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

RTX Stock Performance

RTX stock opened at $178.79 on Friday. The stock’s 50 day simple moving average is $161.09 and its two-hundred day simple moving average is $147.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.07. The stock has a market cap of $239.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.20 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $180.50.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the previous year, the firm posted $1.45 EPS. The business’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

About RTX

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.