U.S. stocks edge higher; solid earnings season continues
Troy D. Brunk, President of Collins Aerospace, a division of RTX Corp (NYSE:RTX), a prominent player in the Aerospace & Defense industry with a market capitalization of $169.5 billion, has sold shares of the company’s common stock. According to a recent SEC filing, Brunk disposed of 2,872 shares at an average price of $125.95 per share, totaling approximately $361,735. Following this transaction, Brunk holds 5,272.43 shares directly and an additional 2,393 shares indirectly through a savings plan trustee. This activity was reported for the period ending February 24, 2025. The stock, which has delivered a remarkable 44.5% return over the past year, currently trades near $127.31. InvestingPro analysis suggests the stock is slightly overvalued at current levels, though it maintains a strong dividend track record with 55 consecutive years of payments. For deeper insights into RTX’s valuation and 8 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, RTX Corp. has been involved in several significant developments. Pratt & Whitney, a division of RTX, secured a $1.5 billion contract to support the F119 engines for the U.S. Air Force’s F-22 Raptor, focusing on enhancing readiness and reducing maintenance costs. Additionally, Collins Aerospace, another RTX unit, won a contract to supply 144 ACES II® ejection seats for the U.S. Air Force’s F-15EX aircraft, continuing its collaboration with Boeing (NYSE:BA) Defense.
Meanwhile, UBS upgraded RTX Corp.’s stock rating from Neutral to Buy, raising the target price to $147, citing strong positioning in commercial and defense sectors. Raytheon (NYSE:RTN), part of RTX, completed successful tests for the U.S. Army’s Next-Generation Short-Range Interceptor program, demonstrating advancements in missile technology. However, the defense sector faces potential challenges as reports of planned Pentagon budget cuts could impact revenue streams for companies like RTX.
These budget reductions are reportedly being prepared for an 8% annual cut over the next five years, raising investor concerns. Despite these challenges, RTX continues to leverage its diverse portfolio and long-term contracts to maintain its market position.
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