RTX Corporation $RTX Shares Sold by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC lessened its stake in RTX Corporation (NYSE:RTX) by 23.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,406 shares of the company’s stock after selling 1,316 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in RTX were worth $643,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RTX. Nuveen LLC acquired a new stake in shares of RTX in the 1st quarter valued at about $916,739,000. Goldman Sachs Group Inc. raised its stake in shares of RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after purchasing an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. raised its stake in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the period. 1832 Asset Management L.P. raised its stake in RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after acquiring an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new stake in RTX during the first quarter worth about $130,194,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $166.73 on Friday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $168.28. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $223.18 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The company has a 50-day moving average price of $158.18 and a two-hundred day moving average price of $143.95.

RTX (NYSE:RTX) last posted its 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. RTX’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RTX shares. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Susquehanna increased their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. 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 research note on Wednesday, July 23rd. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, Sanford C. Bernstein increased their price objective on shares of RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. Three research 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 has an average rating of “Moderate Buy” and a consensus target price of $158.87.

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by insiders.

RTX 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.