Calamos Advisors LLC Buys 7,939 Shares of RTX Corporation $RTX

Calamos Advisors LLC raised its stake in shares of RTX Corporation (NYSE:RTX – Free Report) by 1.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 487,614 shares of the company’s stock after acquiring an additional 7,939 shares during the quarter. Calamos Advisors LLC’s holdings in RTX were worth $90,526,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fortress Financial Group LLC bought a new position in RTX during the 2nd quarter valued at about $358,000. Evergreen Advisors LLC bought a new stake in RTX during the first quarter worth about $31,000. Signature Resources Capital Management LLC increased 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 in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of RTX during the second quarter worth approximately $36,000. Finally, Next Level Wealth Planning LLC bought a new position in shares of RTX in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent analyst reports. Weiss Ratings raised RTX from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 22nd. Jefferies Financial Group set a $250.00 price target on shares of RTX and gave the stock a “buy” rating in a research note on Sunday, July 26th. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. UBS Group raised their target price on shares of RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Finally, Wells Fargo & Company increased their price objective on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.24.

Check Out Our Latest Analysis on RTX

More RTX News

Here are the key news stories impacting RTX this week:

  • Positive Sentiment: A report highlights RTX’s substantial order base and investment in expanding production capacity. It cites a $340 billion backlog, third-quarter sales of about $25 billion, and a higher 2026 free-cash-flow outlook of $9 billion to $9.2 billion. These figures suggest demand could support growth, though execution and contract economics remain important. America’s Military Rebuild Starts With a Manufacturing Problem
  • Positive Sentiment: Defense-industry earnings point to continuing demand for conventional weapons as well as drones and advanced defense systems. That broader rearmament trend could benefit RTX, which supplies air-defense systems and related equipment, although the report does not discuss RTX specifically. Tanks or drones? Defense earnings reveal a more complicated rearmament boom
  • Negative Sentiment: Political uncertainty is pressuring defense-sector shares: a report says the midterm election results put a proposed $1.5 trillion defense spending request in doubt. If spending plans stall or shrink, investors may reassess future growth for contractors such as RTX. Defense Stocks Sank as Democrats Took Congress and the $1.5 Trillion Budget Looks Doomed
  • Negative Sentiment: One report attributed RTX share weakness to insider selling, which can concern investors about near-term sentiment. The provided article details do not specify the seller or the size of the insider transaction. RTX Shares Down 2.7% After Insider Selling
  • Negative Sentiment: ETFs sold about $39 million of RTX shares on Nov. 4. This may add near-term selling pressure, though ETF flows alone do not indicate a change in the company’s fundamentals. RTX Sees $39.0 Million in Net ETF Selling

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 9,071 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the transaction, the executive vice president directly owned 16,930 shares in the company, valued at approximately $3,414,781. The trade was a 34.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the sale, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by insiders.

RTX Stock Down 1.2%

Shares of RTX stock traded down $2.29 during trading hours on Friday, reaching $189.59. 5,018,540 shares of the company’s stock were exchanged, compared to its average volume of 5,673,198. The company has a 50 day moving average of $193.46 and a two-hundred day moving average of $195.52. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The stock has a market cap of $255.84 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.26 and a beta of 0.30.

RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The company had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. During the same quarter last year, the company earned $1.70 EPS. RTX’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, sell-side analysts forecast that RTX Corporation will post 7.68 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s payout ratio is 47.40%.

About RTX

(Free Report)

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.

Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.

Featured Articles

Institutional Ownership by Quarter for RTX (NYSE:RTX)

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.