Oppenheimer & Co. Inc. grew its holdings in RTX Corporation (NYSE:RTX – Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 191,551 shares of the company’s stock after purchasing an additional 5,357 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in RTX were worth $35,561,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in RTX. Fortress Financial Group LLC acquired a new stake in RTX in the 2nd quarter valued at approximately $358,000. Evergreen Advisors LLC bought a new position in RTX in the 1st quarter worth approximately $31,000. Signature Resources Capital Management LLC lifted its holdings in shares of RTX by 111.5% during the first quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock worth $36,000 after buying an additional 97 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of RTX during the second quarter worth approximately $36,000. Finally, Networth Advisors LLC bought a new stake in shares of RTX in the first quarter valued at approximately $40,000. 86.50% of the stock is currently owned by institutional investors.
Insider Buying and Selling
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 transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.
RTX Trading Up 3.4%
Shares of RTX stock opened at $197.45 on Tuesday. RTX Corporation has a 52-week low of $166.74 and a 52-week high of $226.88. The firm has a market capitalization of $266.45 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. The company’s fifty day moving average price is $196.62 and its two-hundred day moving average price is $195.37.
RTX (NYSE:RTX – Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $1.70 EPS. On average, analysts expect that RTX Corporation will post 7.57 EPS for the current year.
RTX News Summary
Here are the key news stories impacting RTX this week:
- Positive Sentiment: RTX is being positioned as a leading beneficiary of rising global defense spending. One analysis cited a 4.57x defense book-to-bill ratio and 36% year-over-year backlog growth, supporting stronger long-term revenue visibility and capacity investment. My Favorite Way To Cash In On A $740 Billion Defense Boom
- Positive Sentiment: Analyst comparisons with General Dynamics suggest RTX has meaningful upside potential from defense-budget expansion, contract wins and its diversified aerospace and defense operations, although valuation remains an important consideration. RTX vs. GD: Which Defense Stock Has Greater Upside Potential?
- Positive Sentiment: Recent investment coverage highlighted RTX among companies reporting strong quarterly results, citing a backlog of approximately $340 billion. This reinforces expectations for sustained demand across commercial aerospace and defense. Zacks Investment Ideas feature highlights: Valero Energy, RTX and Interactive Brokers
- Positive Sentiment: RTX’s latest reported quarter showed adjusted earnings of $2.26 per share versus a $1.78 consensus estimate, while revenue reached $24.97 billion, up 11.1% year over year and above expectations. The results support the current bullish sentiment.
- Neutral Sentiment: Several of the other headlines concern NVIDIA’s GeForce RTX graphics cards, RTX 5090 supply, RTX Spark laptops and GPU firmware. Those products belong to NVIDIA, not RTX Corporation, and therefore have no direct effect on RTX stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane raised their price objective on shares of RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Royal Bank Of Canada dropped their target price on shares of RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. Susquehanna increased their price target on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday, July 24th. Finally, UBS Group raised their price target on shares of RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $228.32.
About RTX
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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