Mutual of America Capital Management LLC Sells 1,998 Shares of RTX Corporation $RTX

Mutual of America Capital Management LLC reduced its stake in RTX Corporation (NYSE:RTX) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,010 shares of the company’s stock after selling 1,998 shares during the period. Mutual of America Capital Management LLC’s holdings in RTX were worth $23,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. MorganRosel Wealth Management LLC acquired a new stake in RTX during the 1st quarter worth $26,000. PFS Partners LLC raised its stake in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC acquired a new stake in RTX during the 1st quarter worth $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX during the 1st quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in RTX during the 1st quarter worth $50,000. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated 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 transaction, the vice president owned 30,004 shares of the company’s stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last quarter. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

NYSE:RTX opened at $158.04 on Friday. 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 stock’s 50-day simple moving average is $159.20 and its 200 day simple moving average is $145.90. The company has a market cap of $211.55 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.93 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. The Goldman Sachs Group raised their price objective on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Susquehanna raised their price objective on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Citigroup lifted their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Sanford C. Bernstein lifted their price target on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

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.