Concurrent Investment Advisors LLC Has $10.14 Million Stake in RTX Corporation $RTX

Concurrent Investment Advisors LLC increased its stake in shares of RTX Corporation (NYSE:RTX) by 1.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 69,419 shares of the company’s stock after acquiring an additional 1,101 shares during the period. Concurrent Investment Advisors LLC’s holdings in RTX were worth $10,137,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the 1st quarter valued at about $26,000. PFS Partners LLC increased its holdings in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after acquiring an additional 89 shares during the last quarter. Summit Securities Group LLC bought a new stake in RTX during the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX during the 1st quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in RTX during the 1st quarter valued at approximately $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $157.64 on Friday. RTX Corporation has a 1-year low of $112.27 and a 1-year 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 business’s 50 day moving average is $159.00 and its 200-day moving average is $145.03. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RTX shares. Susquehanna increased their target price on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research note on Wednesday. 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday. Two investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

Insider Buying and Selling at RTX

In related news, 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 completion of the transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the firm’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 value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last three months. 0.15% of the stock is currently owned by insiders.

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.