2,796 Shares in RTX Corporation $RTX Bought by Transcendent Capital Group LLC

Transcendent Capital Group LLC acquired a new position in shares of RTX Corporation (NYSE:RTX) in the second quarter, HoldingsChannel reports. The fund acquired 2,796 shares of the company’s stock, valued at approximately $408,000.

A number of other institutional investors have also made changes to their positions in RTX. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX during the first quarter worth $26,000. PFS Partners LLC lifted its holdings in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new position in RTX during the first quarter worth about $40,000. McClarren Financial Advisors Inc. bought a new position in RTX during the first quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX during the first quarter worth about $50,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

RTX opened at $157.64 on Friday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85. The firm has a market capitalization of $211.01 billion, a PE ratio of 34.65, a PEG ratio of 2.91 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The business’s 50-day simple moving average is $159.00 and its 200 day simple moving average is $145.03.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. RTX’s revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RTX has been the topic of several recent analyst reports. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. UBS Group lifted their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Bank of America boosted their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Two investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.13.

Insider Buying and Selling at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shane G. Eddy sold 25,968 shares of the company’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 value of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 in the last ninety days. 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.