Foyston Gordon & Payne Inc purchased a new stake in RTX Corporation (NYSE:RTX – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 14,869 shares of the company’s stock, valued at approximately $2,821,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of RTX. Navalign LLC acquired a new stake in RTX in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of RTX during the 4th quarter worth $26,000. Core Wealth Advisors LLC acquired a new position in shares of RTX during the 4th quarter worth $31,000. 1 North Wealth Services LLC increased its holdings in shares of RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares in the last quarter. Finally, Evergreen Advisors LLC purchased a new position in shares of RTX in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 86.50% of the company’s stock.
Wall Street Analyst Weigh In
RTX has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their price objective on shares of RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Susquehanna increased their target price on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday, July 24th. Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.
Insider Transactions at RTX
In related news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the sale, the vice president owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This trade represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 29,222 shares of company stock valued at $6,362,003 over the last three months. 0.10% of the stock is currently owned by insiders.
RTX Price Performance
RTX stock opened at $210.36 on Friday. The firm has a market capitalization of $283.51 billion, a PE ratio of 37.04, a P/E/G ratio of 2.50 and a beta of 0.29. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. The firm’s 50-day simple moving average is $203.73 and its 200 day simple moving average is $195.53. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.
RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business had revenue of $24.71 billion during the quarter, compared to analysts’ expectations of $22.89 billion. During the same period last year, the company posted $1.56 EPS. The company’s revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts predict that RTX Corporation will post 7.22 EPS for the current fiscal year.
RTX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.4%. RTX’s dividend payout ratio (DPR) is presently 51.41%.
Key Stories Impacting 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.
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.
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