Flputnam Investment Management Co. decreased its position in shares of RTX Corporation (NYSE:RTX – Free Report) by 6.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 63,695 shares of the company’s stock after selling 4,515 shares during the period. Flputnam Investment Management Co.’s holdings in RTX were worth $12,085,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of RTX. Fortress Financial Group LLC purchased a new position in RTX during the second quarter worth approximately $358,000. Navalign LLC purchased a new stake in RTX during the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in RTX during the fourth quarter worth about $26,000. Evergreen Advisors LLC purchased a new position in shares of RTX in the 1st quarter worth about $31,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 86.50% of the company’s stock.
RTX Stock Down 0.1%
NYSE:RTX opened at $211.97 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $206.15 and a 200-day moving average of $195.94. The firm has a market capitalization of $285.68 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 2.52 and a beta of 0.29. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88.
RTX Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is currently 51.41%.
Insiders Place Their Bets
In other news, insider Troy D. Brunk sold 8,557 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is owned by corporate insiders.
Key Stories 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.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Morgan Stanley reissued an “overweight” rating and issued a $240.00 price objective on shares of RTX in a research report on Friday, July 24th. Robert W. Baird set a $240.00 target price on RTX in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $238.00 target price on shares of RTX in a report on Monday, July 27th. Finally, Susquehanna boosted their price target on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. One investment 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.
Check Out Our Latest Stock Report on RTX
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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