Biltmore Family Office LLC Boosts Stock Position in RTX Co. (NYSE:RTX)

Biltmore Family Office LLC increased its holdings in RTX Co. (NYSE:RTX) by 15.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,803 shares of the company’s stock after purchasing an additional 372 shares during the period. Biltmore Family Office LLC’s holdings in RTX were worth $281,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Briaud Financial Planning Inc grew its position 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 shares of RTX during the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. bought a new stake in shares of RTX during the second quarter valued at approximately $32,000. Fairman Group LLC bought a new position in shares of RTX during the fourth quarter valued at $38,000. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of RTX by 42.2% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RTX shares. Melius Research boosted their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. The Goldman Sachs Group increased their price target on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Robert W. Baird upped their price objective on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, RTX currently has a consensus rating of “Hold” and an average target price of $153.47.

Insiders Place Their Bets

In other news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the transaction, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now directly owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock valued at $20,861,880 over the last 90 days. 0.13% of the stock is owned by company insiders.

RTX Stock Down 0.7 %

Shares of NYSE RTX opened at $120.30 on Wednesday. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70. The company has a market capitalization of $160.03 billion, a P/E ratio of 47.18, a P/E/G ratio of 2.08 and a beta of 0.82. The company has a 50 day simple moving average of $112.97 and a 200-day simple moving average of $104.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last posted its 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 company had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. On average, equities research analysts predict that RTX Co. will post 5.45 earnings per share for the current year.

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.