Brighton Jones LLC Has $2.76 Million Position in RTX Corporation $RTX

Brighton Jones LLC reduced its holdings in RTX Corporation (NYSE:RTX) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,896 shares of the company’s stock after selling 64 shares during the period. Brighton Jones LLC’s holdings in RTX were worth $2,759,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in 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 buying an additional 1,357,328 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 buying an additional 104,139 shares during the last quarter. Invesco Ltd. increased its stake in RTX by 1.5% in the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock valued at $1,365,969,000 after buying an additional 154,544 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 65,493 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of RTX during the 1st quarter worth about $916,739,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX stock opened at $178.79 on Monday. The company has a market capitalization of $239.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.12 and a beta of 0.66. 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 company 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.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. RTX’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RTX shares. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Sanford C. Bernstein boosted their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. UBS Group boosted their price objective on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday. Robert W. Baird set a $203.00 price objective on shares of RTX in a research note on Wednesday. Finally, Bank of America boosted their price objective on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. 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. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

Insider Buying and Selling

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,469 shares of company stock valued at $7,364,841. Company insiders own 0.15% of the company’s stock.

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.