Centerpoint Advisors LLC Sells 206 Shares of RTX Corporation $RTX

Centerpoint Advisors LLC decreased its position in RTX Corporation (NYSE:RTX) by 29.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 496 shares of the company’s stock after selling 206 shares during the period. Centerpoint Advisors LLC’s holdings in RTX were worth $72,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brookwood Investment Group LLC bought a new position in RTX in the first quarter valued at about $1,288,000. LBP AM SA boosted its holdings in RTX by 17.7% in the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after acquiring an additional 41,990 shares during the last quarter. Arizona State Retirement System boosted its holdings in RTX by 1.4% in the first quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after acquiring an additional 5,356 shares during the last quarter. Redwood Financial Network Corp acquired a new position in RTX in the first quarter valued at about $243,000. Finally, Zuckerman Investment Group LLC lifted its stake in RTX by 54.1% in the first quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock valued at $767,000 after buying an additional 2,033 shares during the period. 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 firm’s stock in a transaction dated 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 sale, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value 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 represents a 31.76% decrease in their position. 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 over the last 90 days. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RTX. Bank of America increased their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday. Sanford C. Bernstein increased their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Citigroup increased 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. Two investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

RTX Trading Up 0.4%

NYSE RTX opened at $179.31 on Tuesday. The firm has a market cap of $240.42 billion, a P/E ratio of 36.82, a P/E/G ratio of 3.12 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The stock’s 50-day moving average is $161.56 and its 200-day moving average is $148.23. RTX Corporation has a one year low of $112.27 and a one year high of $180.50.

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

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.