SGL Investment Advisors Inc. Makes New Investment in RTX Corporation $RTX

SGL Investment Advisors Inc. bought a new position in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,495 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new position in RTX during the 1st quarter worth about $26,000. PFS Partners LLC raised its position in shares of 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 purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX in the 1st quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in RTX during the 1st quarter worth approximately $50,000. 86.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

RTX Price Performance

RTX stock opened at $169.03 on Tuesday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $169.75. 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 company’s fifty day moving average price is $158.44 and its 200 day moving average price is $144.27. The stock has a market capitalization of $226.25 billion, a P/E ratio of 37.15, a P/E/G ratio of 3.07 and a beta of 0.66.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the prior year, the firm earned $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. As a group, equities research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the subject of a number of recent research reports. UBS Group raised their price target on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Bank of America raised their price target on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. The Goldman Sachs Group raised their price target on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 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, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $160.47.

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.