Van ECK Associates Corp lessened its holdings in shares of RTX Corporation (NYSE:RTX – Free Report) by 43.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,396,092 shares of the company’s stock after selling 2,570,317 shares during the quarter. Van ECK Associates Corp owned approximately 0.25% of RTX worth $644,341,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Milestone Asset Management Group LLC lifted its holdings in RTX by 34.7% in the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after purchasing an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of RTX during the fourth quarter worth $2,308,000. Truist Financial Corp grew its holdings in shares of RTX by 2.3% during the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after buying an additional 53,045 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of RTX by 5.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company’s stock valued at $39,054,000 after buying an additional 10,426 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of RTX by 206.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company’s stock worth $32,711,000 after buying an additional 120,094 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.
RTX News Summary
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.
Insider Activity at RTX
RTX Price Performance
RTX stock opened at $211.97 on Friday. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The stock has a market cap of $285.68 billion, a P/E ratio of 37.32, a PEG ratio of 2.52 and a beta of 0.29. The company has a 50-day moving average price of $206.15 and a 200 day moving average price of $195.94. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.
RTX (NYSE:RTX – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same period in the previous year, the business posted $1.56 EPS. RTX’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. Sell-side analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.
RTX Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. RTX’s dividend payout ratio is currently 51.41%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Weiss Ratings raised shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Argus set a $245.00 target price on shares of RTX in a research note on Thursday, July 30th. UBS Group upped their price target on RTX from $198.00 to $215.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Susquehanna increased their price target on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $228.59.
View Our Latest Research Report on RTX
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.
See Also
- Five stocks we like better than RTX
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX – Free Report).
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.
