General American Investors Co. Inc. trimmed its stake in RTX Corporation (NYSE:RTX – Free Report) by 6.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 150,000 shares of the company’s stock after selling 10,000 shares during the quarter. RTX makes up about 1.6% of General American Investors Co. Inc.’s investment portfolio, making the stock its 19th largest holding. General American Investors Co. Inc.’s holdings in RTX were worth $27,848,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Fortress Financial Group LLC acquired a new stake in shares of RTX in the 2nd quarter worth about $358,000. Evergreen Advisors LLC acquired a new position in RTX during the 1st quarter valued at about $31,000. Signature Resources Capital Management LLC grew its position in RTX by 111.5% in the 1st quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock worth $36,000 after purchasing an additional 97 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in RTX in the 2nd quarter worth about $36,000. Finally, Next Level Wealth Planning LLC acquired a new stake 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.
Insider Activity at RTX
In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 9,071 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the transaction, the executive vice president directly owned 16,930 shares in the company, valued at $3,414,781. This represents a 34.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
RTX has been the topic of several analyst reports. UBS Group raised their target price on RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. Wells Fargo & Company raised their price target on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. The Goldman Sachs Group upped their price objective on shares of RTX from $195.00 to $206.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. BNP Paribas Exane increased their target price on shares of RTX from $220.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $231.24.
Get Our Latest Analysis on RTX
RTX Price Performance
RTX stock traded down $2.29 during trading hours on Friday, hitting $189.59. 5,018,540 shares of the stock traded hands, compared to its average volume of 5,673,198. The stock has a 50-day simple moving average of $193.46 and a 200 day simple moving average of $195.52. The company 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 Corporation has a one year low of $166.74 and a one year 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.
RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. 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 previous year, the business earned $1.70 earnings per share. RTX’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts forecast that RTX Corporation will post 7.68 earnings per share for the current year.
RTX Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s payout ratio is presently 47.40%.
Key Stories Impacting RTX
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
RTX Profile
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.
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