True Freedom Investing LLC bought a new position in RTX Corporation (NYSE:RTX – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,191 shares of the company’s stock, valued at approximately $616,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fortress Financial Group LLC acquired a new position in RTX in the second quarter worth approximately $358,000. Navalign LLC bought a new position in shares of RTX in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of RTX during the 4th quarter valued at $26,000. Evergreen Advisors LLC acquired a new stake in shares of RTX during the 1st quarter valued at $31,000. Finally, Core Wealth Advisors LLC bought a new stake in shares of RTX during the 4th quarter worth $31,000. 86.50% of the stock is owned by institutional investors and hedge funds.
RTX Trading Down 0.9%
NYSE RTX opened at $210.36 on Friday. The firm’s 50 day moving average price is $203.73 and its two-hundred day moving average price is $195.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $226.88. The stock has a market cap of $283.51 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.50 and a beta of 0.29.
RTX Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is presently 51.41%.
Insider Buying and Selling
In other RTX news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president directly owned 20,099 shares in the company, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 29,222 shares of company stock valued at $6,362,003. Corporate insiders own 0.10% of the company’s stock.
Trending Headlines about RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: The European Commission closed its antitrust investigation into Pratt & Whitney Canada, RTX’s aircraft-engine unit. The decision removes the risk of potential enforcement action, fines or business restrictions tied to the probe. EU closes antitrust probe into RTX’s Pratt & Whitney
- Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract. The award should improve long-term revenue visibility, support higher production and strengthen RTX’s defense backlog through the 2030s. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
- Positive Sentiment: Recent quarterly results also remain supportive: RTX exceeded EPS and revenue expectations, posted 14.5% year-over-year revenue growth and raised confidence in its fiscal 2026 outlook. These results reinforce the company’s ability to convert its backlog into cash-generating programs. How Investors May Respond to RTX Winning a US$22.9 Billion Tomahawk Deal and Raising Guidance
- Neutral Sentiment: Broader market volatility, including concerns about Treasury policy, oil prices and upcoming inflation data, may be contributing to pressure across equities rather than reflecting a change in RTX’s fundamentals.
- Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by about 51%. While the sale may be routine, it can weigh on sentiment when the stock is near its 52-week high. RTX EVP Sells 13,655 Shares
- Negative Sentiment: RTX trades at a demanding earnings multiple after a substantial rally. The valuation leaves less room for execution disappointments and may encourage investors to take profits.
Wall Street Analysts Forecast Growth
RTX has been the topic of a number of recent research reports. Sanford C. Bernstein lifted their target price on RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Royal Bank Of Canada increased their price target on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. UBS Group lifted their price target on RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. TD Cowen boosted their price objective on RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Susquehanna upped their price objective on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.
Check Out Our Latest Report on RTX
RTX Profile
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.
Read More
- Five stocks we like better than RTX
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX – Free Report).
Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.
