RTX Corporation $RTX Stake Boosted by MGO One Seven LLC

MGO One Seven LLC lifted its holdings in shares of RTX Corporation (NYSE:RTX) by 10.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,620 shares of the company’s stock after buying an additional 2,554 shares during the period. MGO One Seven LLC’s holdings in RTX were worth $4,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the first quarter worth approximately $26,000. PFS Partners LLC boosted its position in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC acquired a new position in shares of RTX during the first quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the first quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of RTX during the first quarter worth approximately $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of NYSE:RTX opened at $158.83 on Tuesday. RTX Corporation has a one year low of $112.27 and a one year high of $170.85. The stock has a fifty day moving average of $159.02 and a 200-day moving average of $145.30. The company has a market capitalization of $212.59 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction 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 sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Citigroup boosted their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Sanford C. Bernstein upped their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Morgan Stanley upped their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price objective 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 assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

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.