Matauro LLC Buys Shares of 1,827 RTX Corporation $RTX

Matauro LLC bought a new stake in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,827 shares of the company’s stock, valued at approximately $267,000.

Other large investors have also recently bought and sold shares of the company. PFS Partners LLC boosted its position 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 purchasing an additional 89 shares in the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of RTX during the 1st quarter valued at about $26,000. Summit Securities Group LLC bought a new position in shares of RTX during the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX during the 1st quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of RTX during the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several research reports. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. The Goldman Sachs Group raised their price objective on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, June 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Sanford C. Bernstein raised their target price on shares of RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Finally, Bank of America raised their target price on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $158.87.

RTX Stock Performance

RTX stock opened at $166.68 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 has a market cap of $223.11 billion, a P/E ratio of 36.63, a P/E/G ratio of 3.08 and a beta of 0.66. The firm has a 50 day simple moving average of $157.98 and a 200 day simple moving average of $143.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $168.28.

RTX (NYSE:RTX) last posted its quarterly 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 analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Buying and Selling at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly 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 can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

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.