Townsquare Capital LLC Sells 9,945 Shares of RTX Corporation $RTX

Townsquare Capital LLC cut its stake in shares of RTX Corporation (NYSE:RTXFree Report) by 34.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,663 shares of the company’s stock after selling 9,945 shares during the period. Townsquare Capital LLC’s holdings in RTX were worth $3,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new position in RTX in the second quarter worth about $29,000. Valley Wealth Managers Inc. bought a new stake in RTX during the third quarter valued at approximately $30,000. Access Investment Management LLC purchased a new stake in RTX during the second quarter valued at approximately $31,000. SOA Wealth Advisors LLC. raised its position in RTX by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after acquiring an additional 70 shares during the period. Finally, Clayton Financial Group LLC purchased a new position in shares of RTX during the 3rd quarter worth $36,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America raised their price objective on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Robert W. Baird set a $225.00 target price on shares of RTX in a research note on Wednesday. Citigroup increased their price objective on shares of RTX from $211.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. UBS Group restated a “neutral” rating on shares of RTX in a research note on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.89.

Get Our Latest Stock Report on RTX

RTX Trading Up 0.2%

Shares of RTX stock opened at $199.87 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The firm has a market cap of $267.97 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.90 and a beta of 0.44. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $205.36. The business has a 50-day moving average price of $184.40 and a 200-day moving average price of $170.06.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. The business had revenue of $24.24 billion for the quarter, compared to the consensus estimate of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Key Stories Impacting RTX

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RTX Company Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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