Ashton Thomas Private Wealth LLC Has $10.37 Million Holdings in RTX Corporation $RTX

Ashton Thomas Private Wealth LLC cut its holdings in shares of RTX Corporation (NYSE:RTX) by 5.0% during the second quarter, HoldingsChannel.com reports. The firm owned 71,003 shares of the company’s stock after selling 3,753 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in RTX were worth $10,368,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Cornerstone Advisory LLC lifted its position in RTX by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after purchasing an additional 64 shares during the period. Briaud Financial Planning Inc lifted its position in RTX by 25.4% during the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares during the period. Gries Financial LLC increased its stake in shares of RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after acquiring an additional 69 shares during the last quarter. M3 Advisory Group LLC raised its position in shares of RTX by 2.7% in the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after acquiring an additional 69 shares during the period. Finally, TrueWealth Advisors LLC raised its position in shares of RTX by 3.6% in the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after acquiring an additional 70 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RTX. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Bank of America increased their price target on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Barclays increased their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Morgan Stanley set a $215.00 price target on shares of RTX and gave the company an “overweight” rating in a research report on Wednesday. Two 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $175.80.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm’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 transaction of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This 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 sold 46,469 shares of company stock valued at $7,364,841. 0.15% of the stock is owned by corporate insiders.

RTX Price Performance

NYSE RTX opened at $178.79 on Monday. The business has a 50 day simple moving average of $161.09 and a 200 day simple moving average of $147.87. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $180.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 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 3.12 and a beta of 0.66.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the prior year, the business earned $1.45 EPS. RTX’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. Analysts anticipate 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.