Kanawha Capital Management LLC Buys 1,077 Shares of RTX Corporation $RTX

by · The Cerbat Gem

Kanawha Capital Management LLC boosted its stake in RTX Corporation (NYSE:RTX – Free Report) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,475 shares of the company’s stock after acquiring an additional 1,077 shares during the quarter. RTX accounts for 1.9% of Kanawha Capital Management LLC’s portfolio, making the stock its 12th largest position. Kanawha Capital Management LLC’s holdings in RTX were worth $25,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new stake in RTX in the 1st quarter valued at $26,000. PFS Partners LLC boosted its holdings in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new position in RTX during the first quarter worth $40,000. McClarren Financial Advisors Inc. acquired a new position in RTX during the first quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in RTX during the first quarter worth $50,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $158.04 on Friday. The stock has a market cap of $211.55 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a fifty day moving average price of $159.20 and a two-hundred day moving average price of $145.82. RTX Corporation has a one year low of $112.27 and a one year high of $170.85.

RTX (NYSE:RTX – Get Free Report) last posted 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. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. RTX’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RTX. JPMorgan Chase & Co. increased their target price on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Citigroup increased their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Barclays increased their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

Read Our Latest Analysis on RTX

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 in the last quarter. 0.15% of the stock is owned by corporate insiders.

RTX Profile

(Free Report)

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.

See Also

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