Catalyst Capital Advisors LLC Buys 687 Shares of RTX Corporation $RTX

Catalyst Capital Advisors LLC raised its stake in shares of RTX Corporation (NYSE:RTX) by 43.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,267 shares of the company’s stock after buying an additional 687 shares during the period. Catalyst Capital Advisors LLC’s holdings in RTX were worth $331,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RTX. Cornerstone Advisory LLC increased its position in shares of RTX by 0.9% in the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after buying an additional 64 shares in the last quarter. Briaud Financial Planning Inc lifted 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 in the last quarter. Gries Financial LLC grew its stake in RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after acquiring an additional 69 shares during the period. M3 Advisory Group LLC increased its holdings in shares of RTX by 2.7% in the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after acquiring an additional 69 shares in the last quarter. Finally, TrueWealth Advisors LLC increased its holdings in shares of RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock worth $293,000 after acquiring an additional 70 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.80.

Insider Activity at RTX

In related news, 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Philip J. Jasper sold 12,847 shares of the business’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 value of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,469 shares of company stock valued at $7,364,841. 0.15% of the stock is owned by insiders.

RTX Stock Down 0.4%

Shares of RTX stock opened at $178.79 on Friday. The business’s 50 day simple moving average is $161.09 and its 200 day simple moving average is $147.55. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $180.50. The firm has a market cap of $239.72 billion, a PE ratio of 36.71, a P/E/G ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.07.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same quarter last year, the firm earned $1.45 EPS. RTX’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts predict 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.