1ST Source Bank Takes Position in RTX Corporation $RTX

Key Points

• 1ST Source Bank acquired 26,414 RTX shares worth approximately $5.0 million in the second quarter. Institutional investors collectively own 86.5% of the company.
• Analysts maintain a generally favorable outlook, with a consensus “Moderate Buy” rating and average price target of $228.59. RTX also reported quarterly EPS of $1.89, above the $1.66 estimate, while revenue rose 14.5% year over year.
• RTX is benefiting from expanded Pentagon agreements to increase production of SM-3 interceptor missile components, supporting its defense backlog. However, the stock trades near its assessed fair value at a P/E of about 39, and insiders have sold more than $3.3 million in shares over the past 90 days.

1ST Source Bank acquired a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 26,414 shares of the company's stock, valued at approximately $5,012,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. Alpha Cubed Investments LLC raised its position in shares of RTX by 0.3% during the 4th 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 during the period. Schulhoff & Co. Inc. lifted its position in shares of RTX by 1.7% in the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company's stock valued at $585,000 after acquiring an additional 52 shares in the last quarter. Purus Wealth Management LLC lifted its position in shares of RTX by 0.4% in the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company's stock valued at $2,700,000 after acquiring an additional 53 shares in the last quarter. Sunbeam Capital Management LLC boosted its stake 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 worth $620,000 after acquiring an additional 53 shares during the period. Finally, Sequent Planning LLC boosted its stake in shares of RTX by 1.6% in the fourth quarter. Sequent Planning LLC now owns 3,364 shares of the company's stock worth $617,000 after acquiring an additional 54 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RTX shares. TD Cowen lifted their target price on RTX from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Sanford C. Bernstein increased their price objective on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $238.00 target price on shares of RTX in a report on Monday, July 27th. Royal Bank Of Canada upped 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. Finally, Erste Group Bank cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Monday, April 27th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $228.59.

Key RTX News

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

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction 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 completion of the transaction, the vice president directly owned 20,099 shares of the company's stock, valued at $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of the business's stock in a transaction 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 transaction, the insider owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 15,567 shares of company stock valued at $3,304,375. 0.10% of the stock is owned by corporate insiders.

RTX Trading Down 0.0%

Shares of NYSE RTX opened at $222.88 on Monday. The business's 50 day moving average is $200.02 and its two-hundred day moving average is $194.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. The stock 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 issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.23. The business had revenue of $24.71 billion for 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 quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, research analysts expect that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. RTX's dividend payout ratio (DPR) is currently 51.41%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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