11,707 Shares in RTX Corporation $RTX Bought by Texas Capital Bank Wealth Management Services Inc

Key Points

• Texas Capital Bank Wealth Management Services purchased 11,707 RTX shares worth approximately $2.22 million, while institutional investors collectively own 86.5% of the company.
• Raytheon secured a $22.9 billion, seven-year Tomahawk missile contract from the U.S. Navy, potentially expanding annual production from about 60 missiles to more than 1,000 and strengthening RTX’s defense revenue outlook.
• RTX reported quarterly EPS of $1.89, beating the $1.66 consensus, while revenue rose 14.5% year over year to $24.71 billion. However, the stock’s valuation remains elevated at roughly 39 times earnings.

Texas Capital Bank Wealth Management Services Inc purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,707 shares of the company's stock, valued at approximately $2,221,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company's stock worth $22,922,464,000 after acquiring an additional 2,210,950 shares during the period. BlackRock Inc. bought a new stake in shares of RTX during the second quarter valued at approximately $20,970,571,000. State Street Corp grew its stake in RTX by 0.7% in the fourth quarter. State Street Corp now owns 91,884,588 shares of the company's stock worth $16,851,633,000 after purchasing an additional 630,558 shares during the period. Morgan Stanley grew its stake in RTX by 0.4% in 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 period. Finally, Fisher Asset Management LLC raised 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 worth $3,998,155,000 after purchasing an additional 625,994 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a $22.9 billion, seven-year Tomahawk missile contract from the U.S. Navy. The agreement is intended to sharply expand annual production from approximately 60 missiles to more than 1,000, creating significant multi-year visibility for RTX’s defense business. US Navy awards Raytheon $22.9 billion contract to boost Tomahawk output
• Positive Sentiment: The contract supports the Pentagon’s effort to replenish critical munitions and follows heavy Tomahawk usage in military operations. Investors view the award as evidence of sustained government demand and a potential catalyst for RTX’s defense growth. The US military is paying RTX’s Raytheon more for Tomahawk missiles
• Positive Sentiment: RTX’s latest quarterly results provide additional support: earnings per share reached $1.89 versus the $1.66 consensus estimate, while revenue rose 14.5% year over year to $24.71 billion. Management’s fiscal 2026 EPS guidance of $7.10–$7.25 remains broadly consistent with analyst expectations.
• Neutral Sentiment: The contract is strategically significant, but its effect on near-term earnings will depend on production execution, capacity expansion, costs and the timing of deliveries. RTX also trades at a relatively elevated valuation, with a reported P/E near 39.
• Neutral Sentiment: Several other articles concern Nvidia GeForce RTX graphics cards, laptops or unrelated technology promotions rather than RTX Corporation. They do not materially affect the company’s investment outlook. Esports Hotel Thieves Caught Swapping Out RTX 5080 GPUs for RTX 3060s

RTX Trading Down 0.5%

RTX stock opened at $221.87 on Tuesday. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $226.88. The company has a market capitalization of $299.03 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.29. The business's fifty day simple moving average is $200.88 and its two-hundred day simple moving average is $195.01. 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 issued its quarterly 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. The firm had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company's revenue was up 14.5% on a year-over-year basis. During the same period 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, equities analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio (DPR) is currently 51.41%.

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total transaction of $488,092.50. Following the sale, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 directly owned 8,809 shares of the company's stock, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 15,567 shares of company stock valued at $3,304,375. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research reports. UBS Group boosted their target price on shares of RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $238.00 price target on shares of RTX in a research note on Monday, July 27th. Dbs Bank raised shares of RTX from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 10th. Jefferies Financial Group set a $250.00 price objective on shares of RTX in a research note on Sunday, July 26th. Finally, Royal Bank Of Canada raised their target price on shares of RTX from $230.00 to $250.00 and gave the company an "outperform" rating 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RTX has an average rating of "Moderate Buy" and a consensus target price of $228.59.

About RTX

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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