Full Sail Capital LLC Boosts Stock Position in RTX Co. (NYSE:RTX)

Full Sail Capital LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,635 shares of the company’s stock after purchasing an additional 487 shares during the period. Full Sail Capital LLC’s holdings in RTX were worth $766,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RTX. Briaud Financial Planning Inc boosted its stake in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new stake in RTX during the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. purchased a new stake in RTX during the 2nd quarter valued at $32,000. Fairman Group LLC purchased a new stake in RTX during the 4th quarter valued at $38,000. Finally, Beaird Harris Wealth Management LLC boosted its stake in RTX by 42.2% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock valued at $39,000 after purchasing an additional 139 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Melius Research increased their price target on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a report on Tuesday, July 30th. Susquehanna increased their price target on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. The Goldman Sachs Group increased their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, TD Cowen increased their price target on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.31.

RTX Price Performance

NYSE:RTX opened at $120.39 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $117.57 and its two-hundred day simple moving average is $107.41. The stock has a market cap of $160.06 billion, a PE ratio of 47.21, a P/E/G ratio of 2.11 and a beta of 0.82. RTX Co. has a 52 week low of $68.56 and a 52 week high of $123.70.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. As a group, analysts forecast that RTX Co. will post 5.45 EPS for the current fiscal year.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the transaction, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock valued at $20,861,880 over the last ninety days. 0.13% of the stock is currently owned by company 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.