Braun Stacey Associates Inc. lifted its stake in RTX Corporation (NYSE:RTX – Free Report) by 4.5% in the 2nd quarter, Holdings Channel reports. The firm owned 199,579 shares of the company’s stock after purchasing an additional 8,572 shares during the quarter. RTX accounts for approximately 1.1% of Braun Stacey Associates Inc.’s portfolio, making the stock its 29th biggest position. Braun Stacey Associates Inc.’s holdings in RTX were worth $37,866,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of RTX during the 2nd quarter valued at approximately $20,970,571,000. State Street Corp increased its stake in RTX by 0.7% in the 4th quarter. State Street Corp now owns 91,884,588 shares of the company’s stock valued at $16,851,633,000 after purchasing an additional 630,558 shares in the last quarter. Morgan Stanley raised its holdings in RTX by 0.4% during the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock worth $5,462,310,000 after purchasing an additional 105,069 shares during the last quarter. Fisher Asset Management LLC grew its holdings in RTX by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock valued at $3,998,155,000 after purchasing an additional 625,994 shares during the last quarter. Finally, Norges Bank acquired a new stake in RTX in the fourth quarter valued at $3,167,626,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Jefferies Financial Group set a $250.00 price target on RTX in a research note on Sunday, July 26th. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Wells Fargo & Company raised their target price on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, Sanford C. Bernstein upped their price target on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.
RTX Stock Performance
NYSE RTX opened at $211.97 on Friday. 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 Corporation has a fifty-two week low of $150.61 and a fifty-two week high of $226.88. The business has a fifty day moving average of $206.15 and a 200-day moving average of $195.94. The stock has a market cap of $285.68 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.52 and a beta of 0.29.
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. The business had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.
RTX Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio (DPR) is currently 51.41%.
Insiders Place Their Bets
In related news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the sale, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,222 shares of company stock valued at $6,362,003 in the last ninety days. Insiders own 0.10% of the company’s stock.
Key Headlines Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon won a $22.9 billion, seven-year U.S. military contract to accelerate Tomahawk missile production from roughly 60 to 1,000 missiles annually. The award materially expands RTX’s backlog and visibility, while highlighting sustained demand to replenish U.S. and allied weapons inventories. Is RTX Undervalued As Its $22.9 Billion Missile Contract Expands Backlog?
- Positive Sentiment: Raytheon completed a $50 million expansion of its Forest, Mississippi, facility. The 17,000-square-foot addition is intended to increase production of electronic-warfare and radar systems and is expected to create 100 high-skilled jobs by 2028, supporting RTX’s ability to fulfill growing defense orders. RTX’s Raytheon Completes $50 Million Expansion of Mississippi Manufacturing Facility
- Positive Sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation for RTX. This provides continued analyst support following the company’s latest earnings beat, in which revenue rose 14.5% year over year and earnings exceeded consensus estimates. RTX Receives Consensus Recommendation of Moderate Buy
- Neutral Sentiment: Recent coverage comparing RTX with Rolls-Royce and the broader aerospace sector indicates that RTX has delivered strong performance this year, including an approximately 18% 90-day gain and 13% year-to-date increase. The comparison reinforces momentum but does not represent a new company catalyst. Are Aerospace Stocks Lagging RTX Corporation This Year?
- Neutral Sentiment: Most other articles concern NVIDIA’s GeForce RTX graphics cards, DLSS software, gaming PCs, or unrelated companies. Those reports do not materially affect RTX Corporation’s aerospace and defense operations or its stock.
RTX Company 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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