MRP Capital Investments LLC Acquires New Holdings in RTX Co. (NYSE:RTX)

MRP Capital Investments LLC bought a new position in shares of RTX Co. (NYSE:RTX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,200 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. AllGen Financial Advisors Inc. raised its position in shares of RTX by 1.6% during the 2nd quarter. AllGen Financial Advisors Inc. now owns 31,970 shares of the company’s stock worth $3,209,000 after purchasing an additional 492 shares during the last quarter. Middleton & Co. Inc. MA raised its holdings in shares of RTX by 3.4% in the second quarter. Middleton & Co. Inc. MA now owns 12,058 shares of the company’s stock worth $1,211,000 after acquiring an additional 400 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of RTX by 47.9% in the second quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock valued at $246,300,000 after acquiring an additional 792,830 shares in the last quarter. Kooman & Associates acquired a new stake in shares of RTX during the second quarter valued at $221,000. Finally, Blair William & Co. IL increased its position in RTX by 68.5% during the 2nd quarter. Blair William & Co. IL now owns 357,342 shares of the company’s stock worth $35,874,000 after purchasing an additional 145,324 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $118.03 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The company has a market cap of $157.01 billion, a PE ratio of 46.29, a P/E/G ratio of 2.10 and a beta of 0.82. The company’s fifty day simple moving average is $114.84 and its 200-day simple moving average is $105.89. RTX Co. has a 52 week low of $68.56 and a 52 week high of $123.70.

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

Insider Buying and Selling

In other news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the sale, the vice president now directly owns 12,318 shares in the company, valued at $1,402,773.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,333 shares of company stock valued at $20,861,880. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RTX. Wells Fargo & Company reduced their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Melius Research lifted their price objective on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $157.31.

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.