18,824 Shares in RTX Corporation $RTX Acquired by Summit Asset Management LLC

Key Points

• Summit Asset Management acquired 18,824 RTX shares worth approximately $3.57 million, making RTX its 20th-largest holding and 0.5% of its portfolio. Institutional investors collectively own 86.5% of the company.
• RTX reported strong quarterly results, with adjusted EPS of $1.89 versus the $1.66 consensus and revenue of $24.71 billion, up 14.5% year over year. The company guided to fiscal 2026 EPS of $7.10–$7.25 and declared a quarterly dividend of $0.73 per share.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $228.59, while RTX trades near its 12-month high at a P/E of 39.24. Recent insider activity was negative, with executives selling 15,567 shares valued at $3.3 million.

Summit Asset Management LLC bought a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 18,824 shares of the company's stock, valued at approximately $3,571,000. RTX makes up 0.5% of Summit Asset Management LLC's portfolio, making the stock its 20th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alpha Cubed Investments LLC raised its stake in shares of RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company's stock valued at $2,700,000 after purchasing an additional 50 shares in the last quarter. Schulhoff & Co. Inc. increased its stake in RTX by 1.7% during the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company's stock valued at $585,000 after buying an additional 52 shares during the period. Purus Wealth Management LLC raised its position in shares of RTX by 0.4% during the 4th quarter. Purus Wealth Management LLC now owns 14,722 shares of the company's stock worth $2,700,000 after buying an additional 53 shares in the last quarter. Sunbeam Capital Management LLC boosted its holdings in shares of RTX by 1.6% in the fourth quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company's stock valued at $620,000 after acquiring an additional 53 shares in the last quarter. Finally, Sequent Planning LLC increased its stake in shares of RTX by 1.6% during the fourth quarter. Sequent Planning LLC now owns 3,364 shares of the company's stock valued at $617,000 after acquiring an additional 54 shares during the period. Institutional investors own 86.50% of the company's stock.

RTX Stock Up 1.1%

NYSE RTX opened at $222.88 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The company's 50 day simple moving average is $200.02 and its 200 day simple moving average is $194.86. 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 $300.38 billion, a P/E ratio of 39.24, a PEG ratio of 2.65 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities research analysts expect that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio is 51.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $238.00 target price on shares of RTX in a report on Monday, July 27th. TD Cowen increased their price target on RTX from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Morgan Stanley reiterated an "overweight" rating and set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Argus set a $245.00 price objective on RTX in a research note on Thursday, July 30th. Finally, Jefferies Financial Group set a $250.00 price objective on RTX in a report on Sunday, July 26th. One research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $228.59.

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 2,250 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the sale, the vice president directly owned 20,099 shares of the company's stock, valued at $4,360,076.07. This trade represents a 10.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 8,557 shares of RTX 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 transaction, the insider owned 8,809 shares in the company, valued at $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,567 shares of company stock valued at $3,304,375 in the last quarter. Insiders own 0.10% of the company's stock.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
• Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
• Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
• Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
• Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract

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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