Prentice Wealth Management LLC Raises Stock Position in RTX Corporation $RTX

Prentice Wealth Management LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,374 shares of the company’s stock after purchasing an additional 321 shares during the period. Prentice Wealth Management LLC’s holdings in RTX were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RTX. Avion Wealth raised its stake in shares of RTX by 4.7% during the 2nd quarter. Avion Wealth now owns 1,568 shares of the company’s stock valued at $229,000 after buying an additional 70 shares during the last quarter. Silver Oak Advisory Group Inc. grew its holdings in RTX by 8.7% during the second quarter. Silver Oak Advisory Group Inc. now owns 1,860 shares of the company’s stock worth $271,000 after acquiring an additional 149 shares during the period. Briaud Financial Planning Inc grew its holdings in RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 65 shares during the period. FSM Wealth Advisors LLC raised its position in RTX by 72.2% during the second quarter. FSM Wealth Advisors LLC now owns 10,752 shares of the company’s stock valued at $1,569,000 after acquiring an additional 4,508 shares in the last quarter. Finally, Cadinha & Co. LLC lifted its holdings in RTX by 3,838.9% in the second quarter. Cadinha & Co. LLC now owns 129,276 shares of the company’s stock valued at $18,877,000 after acquiring an additional 125,994 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 7,654 shares of the company’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 completion of the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The stock was 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. Over the last three months, insiders have sold 46,469 shares of company stock worth $7,364,841. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of analyst reports. Bank of America raised 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. Robert W. Baird set a $203.00 price target on shares of RTX in a report on Wednesday. Sanford C. Bernstein raised their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Citigroup upped their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Susquehanna increased their target price on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $175.80.

RTX Stock Performance

Shares of NYSE:RTX opened at $179.33 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $179.98. The firm has a market capitalization of $240.45 billion, a PE ratio of 36.82, a P/E/G ratio of 3.23 and a beta of 0.66. The business’s 50 day moving average price is $160.59 and its 200-day moving average price is $147.14.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the prior year, the company earned $1.45 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

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.