1,491,395 Shares in RTX Corporation $RTX Bought by PointState Capital LP

Key Points

• PointState Capital purchased 1.49 million RTX shares worth approximately $283 million, making RTX its ninth-largest holding and representing about 3.6% of its portfolio.
• RTX reported quarterly revenue of $24.71 billion and adjusted EPS of $1.89, exceeding analyst expectations, while revenue grew 14.5% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $228.59.
• RTX’s outlook is supported by strong defense demand and a $22.9 billion Tomahawk missile contract, though insiders have sold more than $6.3 million in stock over the past three months and some analysts cite elevated valuation and commercial aerospace maintenance costs as risks.

PointState Capital LP purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,491,395 shares of the company's stock, valued at approximately $282,962,000. RTX accounts for about 3.6% of PointState Capital LP's investment portfolio, making the stock its 9th biggest holding. PointState Capital LP owned about 0.11% of RTX at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. United Bank lifted its position in RTX by 68.0% in the 2nd quarter. United Bank now owns 10,202 shares of the company's stock valued at $1,490,000 after acquiring an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in RTX by 3.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company's stock valued at $3,052,000 after purchasing an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in RTX during the 2nd quarter worth approximately $5,157,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Activity at RTX

In related news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction dated Tuesday, July 28th. The stock was 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 of the company's stock, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 company insiders.

Wall Street Analyst Weigh In

RTX has been the subject of several analyst reports. Robert W. Baird set a $240.00 price objective on RTX in a research note on Friday, July 24th. TD Cowen upped their price target on RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $238.00 price target on shares of RTX in a research report on Monday, July 27th. Jefferies Financial Group set a $250.00 price objective on RTX in a research note on Sunday, July 26th. Finally, Dbs Bank raised shares of RTX from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.59.

RTX Stock Up 0.8%

RTX stock opened at $211.93 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $205.11 and a 200-day moving average price of $195.73. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $226.88. The company has a market capitalization of $285.63 billion, a P/E ratio of 37.31, a P/E/G ratio of 2.50 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm had revenue of $24.71 billion for the quarter, compared to analysts' expectations of $22.89 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. 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 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. RTX's payout ratio is presently 51.41%.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense unit, received a $22.9 billion U.S. military contract to accelerate Tomahawk missile production. The award supports multiyear revenue visibility and reflects the need to replenish depleted U.S. and allied stockpiles. Raytheon’s Missile Windfall: What the Navy’s Record Tomahawk Order Means for RTX Corporation
• Positive Sentiment: Recent analyst commentary highlights a 22% backlog increase to approximately $289 billion, strong defense demand and improving free cash flow. RTX’s latest quarterly results also showed revenue growth, earnings that exceeded expectations and particularly strong performance from Raytheon. RTX Stock Will Keep Rewarding Patient Investors
• Positive Sentiment: Collins Aerospace completed altitude testing of its Enhanced Power and Cooling System for the F-35. Successful testing advances a next-generation system that could support future F-35 upgrades and related aerospace revenue. Why Is RTX Testing Progress Important for Its Next Generation Defense Systems?
• Neutral Sentiment: RTX’s Blue Canyon Technologies introduced a new spacecraft mission-enablement product. The announcement reinforces RTX’s broader space and defense capabilities, although the near-term financial impact was not disclosed. RTX’s Blue Canyon Technologies Introduces New Spacecraft Mission Enabler
• Negative Sentiment: One analyst downgraded RTX, citing its premium valuation alongside rising commercial aerospace maintenance costs. The concerns are important because the stock trades at a high earnings multiple, leaving less room for execution setbacks. RTX Corporation: More Missiles and Higher Commercial Maintenance Trigger Premium Price Tag

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.

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