53,963 RTX Corporation $RTX Shares Acquired by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its RTX stake by 73% in the third quarter, purchasing 53,963 additional shares and bringing its total holdings to 127,889 shares valued at approximately $23.7 million.
• RTX reported strong quarterly results, with EPS of $2.26 and revenue of $24.96 billion, surpassing analyst estimates; revenue increased 11.1% year over year. Raytheon also secured a $350 million U.S. Air Force contract modification.
• Wall Street maintains a generally positive outlook, with RTX receiving a “Moderate Buy” consensus rating and an average price target of $227.12, while two company executives recently sold shares.

Apollon Wealth Management LLC increased its stake in RTX Corporation (NYSE:RTX - Free Report) by 73.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,889 shares of the company's stock after purchasing an additional 53,963 shares during the period. Apollon Wealth Management LLC's holdings in RTX were worth $23,743,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of RTX during the 2nd quarter worth about $20,970,571,000. State Street Corp boosted its stake in RTX by 3.1% during the 2nd quarter. State Street Corp now owns 95,417,318 shares of the company's stock valued at $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 boosted its stake in RTX by 5.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company's stock valued at $1,649,501,000 after purchasing an additional 411,356 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of RTX by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company's stock valued at $1,475,296,000 after purchasing an additional 95,726 shares during the period. Finally, Amundi increased its position in shares of RTX by 4.0% during the 2nd quarter. Amundi now owns 7,768,207 shares of the company's stock valued at $1,473,862,000 after purchasing an additional 295,964 shares during the period. Institutional investors own 86.50% of the company's stock.

RTX News Roundup

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 other news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

RTX Price Performance

NYSE:RTX opened at $191.10 on Monday. The company has a market capitalization of $257.88 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.24 and a beta of 0.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The company has a 50-day moving average of $196.68 and a 200-day moving average of $193.59. RTX Corporation has a 52 week low of $166.74 and a 52 week high of $226.88.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.70 EPS. As a group, equities research analysts anticipate that RTX Corporation will post 7.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RTX has been the subject of a number of analyst reports. DA Davidson upped their price objective on shares of RTX from $192.00 to $219.00 and gave the company a "neutral" rating in a research note on Monday, July 27th. Rothschild & Co Redburn boosted their price target on shares of RTX from $180.00 to $215.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an "overweight" rating and issued a $240.00 price target (up from $220.00) on shares of RTX in a research note on Friday, July 24th. TD Cowen cut their price objective on RTX from $240.00 to $225.00 and set a "buy" rating for the company in a report on Friday, October 9th. Finally, Jefferies Financial Group set a $250.00 price objective on RTX and gave the company a "buy" rating in a research report on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $227.12.

RTX Company 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.

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.