Simplicity Wealth LLC increased its stake in shares of RTX Corporation (NYSE:RTX – Free Report) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,629 shares of the company’s stock after acquiring an additional 9,530 shares during the quarter. Simplicity Wealth LLC’s holdings in RTX were worth $19,053,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in RTX in the second quarter valued at $20,970,571,000. State Street Corp increased its position in shares of RTX by 3.1% during the second quarter. State Street Corp now owns 95,417,318 shares of the company’s stock worth $18,103,528,000 after purchasing an additional 2,828,056 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of RTX by 5.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock worth $1,649,501,000 after purchasing an additional 411,356 shares in the last quarter. Amundi increased its position in shares of RTX by 4.0% during the second quarter. Amundi now owns 7,768,207 shares of the company’s stock worth $1,473,862,000 after purchasing an additional 295,964 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of RTX in the 2nd quarter valued at about $1,456,256,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. Jefferies Financial Group set a $250.00 price target on RTX and gave the stock a “buy” rating in a research report on Sunday, July 26th. Wells Fargo & Company boosted their price objective on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on RTX from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $227.12.
Read Our Latest Analysis on RTX
RTX Stock Down 1.9%
Shares of NYSE:RTX opened at $191.10 on Friday. RTX Corporation has a 1-year low of $166.74 and a 1-year high of $226.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.78. The stock has a market cap of $257.88 billion, a P/E ratio of 31.02, a P/E/G ratio of 2.32 and a beta of 0.31. The firm has a fifty day moving average price of $196.68 and a 200 day moving average price of $193.62.
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The company had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. RTX’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 earnings per share. Sell-side analysts predict that RTX Corporation will post 7.57 EPS for the current year.
Key Headlines Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon, an RTX business, secured a $350 million U.S. Air Force contract modification, reinforcing defense backlog visibility and supporting future revenue. RTX’s Raytheon Secures $350 Million US Air Force Contract Modification
- Positive Sentiment: Erste Group Bank raised its RTX EPS forecasts to $7.30 for fiscal 2026 and $7.90 for fiscal 2027, citing improving expectations. The 2027 estimate is above the current consensus of $7.72. Erste Group Bank RTX earnings estimates
- Positive Sentiment: Analyst commentary continues to point to record third-quarter results, strong backlogs, aircraft production growth and resilient demand for replacement parts, repairs, engines and avionics. RTX’s latest reported quarter also exceeded earnings and revenue expectations. Are RTX Corporation and Northrop Grumman Ready to Break Out?
- Positive Sentiment: Collins Aerospace plans a 2027 radio-altimeter upgrade for business aircraft to meet new FAA standards and improve resilience to 5G interference. The program could generate recurring upgrade and service demand without requiring full avionics replacements. What Does RTX Altimeter Upgrade Push Mean For Business Aviation?
- Neutral Sentiment: Several articles concern NVIDIA GeForce RTX graphics cards, stolen GPUs and gaming products. Those stories are unrelated to RTX Corporation and should not be treated as catalysts for RTX stock.
Insider Activity
In related news, VP Kevin G. Dasilva sold 2,250 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. The trade was a 10.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at $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. 0.10% of the stock is currently owned by corporate insiders.
RTX Profile
RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.
The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.
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