James Investment Research Inc. bought a new position in RTX Corporation (NYSE:RTX – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 11,578 shares of the company’s stock, valued at approximately $2,149,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in RTX. Fortress Financial Group LLC bought a new stake in shares of RTX during the second quarter valued at approximately $358,000. Evergreen Advisors LLC bought a new position in RTX in the first quarter worth $31,000. Signature Resources Capital Management LLC raised its holdings in RTX by 111.5% in the first quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock worth $36,000 after purchasing an additional 97 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in RTX in the second quarter worth $36,000. Finally, Networth Advisors LLC purchased a new position in RTX during the first quarter valued at $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Analyst Ratings Changes
RTX has been the topic of a number of research reports. Barclays boosted their target price on shares of RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday. DA Davidson increased their price target on shares of RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. increased their price target on shares of RTX from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Sanford C. Bernstein lowered their price target on shares of RTX from $223.00 to $214.00 and set a “market perform” rating for the company in a research report on Thursday, October 15th. Finally, TD Cowen dropped their price objective on shares of RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.12.
Get Our Latest Analysis on RTX
RTX Stock Down 1.9%
Shares of NYSE:RTX opened at $191.10 on Friday. The stock has a fifty day simple moving average of $196.68 and a two-hundred day simple moving average of $193.62. The stock has a market capitalization of $257.88 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.37 and a beta of 0.31. RTX Corporation has a 12-month low of $166.74 and a 12-month high of $226.88. The company has a current ratio of 1.05, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.
RTX (NYSE:RTX – Get Free Report) last released its earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.11 billion. During the same period in the prior year, the firm posted $1.70 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts anticipate that RTX Corporation will post 7.65 earnings per share for the current fiscal year.
RTX News Summary
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon, an RTX business, secured a $350 million U.S. Air Force contract modification, reinforcing defense backlog visibility and supporting future revenue. RTX’s Raytheon Secures $350 Million US Air Force Contract Modification
- Positive Sentiment: Erste Group Bank raised its RTX EPS forecasts to $7.30 for fiscal 2026 and $7.90 for fiscal 2027, citing improving expectations. The 2027 estimate is above the current consensus of $7.72. Erste Group Bank RTX earnings estimates
- Positive Sentiment: Analyst commentary continues to point to record third-quarter results, strong backlogs, aircraft production growth and resilient demand for replacement parts, repairs, engines and avionics. RTX’s latest reported quarter also exceeded earnings and revenue expectations. Are RTX Corporation and Northrop Grumman Ready to Break Out?
- Positive Sentiment: Collins Aerospace plans a 2027 radio-altimeter upgrade for business aircraft to meet new FAA standards and improve resilience to 5G interference. The program could generate recurring upgrade and service demand without requiring full avionics replacements. What Does RTX Altimeter Upgrade Push Mean For Business Aviation?
- Neutral Sentiment: Several articles concern NVIDIA GeForce RTX graphics cards, stolen GPUs and gaming products. Those stories are unrelated to RTX Corporation and should not be treated as catalysts for RTX stock.
Insider Activity
In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the transaction, the vice president directly owned 20,099 shares of the company’s stock, valued at $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.
RTX Company Profile
RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.
The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.
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