RTX Corporation $RTX Position Reduced by Northstar Group Inc.

Northstar Group Inc. reduced its stake in shares of RTX Corporation (NYSE:RTX) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,906 shares of the company’s stock after selling 150 shares during the quarter. Northstar Group Inc.’s holdings in RTX were worth $1,446,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC acquired a new position in RTX in the 1st quarter valued at approximately $26,000. PFS Partners LLC increased its stake in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC acquired a new position in RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in RTX in the 1st quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in RTX in the 1st quarter valued at approximately $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.0%

Shares of RTX stock opened at $167.37 on Thursday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $168.28. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $157.75 and its two-hundred day moving average is $143.42. The company has a market cap of $224.03 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.66.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating 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 company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter last year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Insider Activity at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays raised their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. UBS Group raised their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Susquehanna raised their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

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.