830,532 Shares in RTX Corporation $RTX Bought by Freestone Grove Partners LP

Key Points

• Freestone Grove Partners LP bought 830,532 RTX shares worth approximately $157.6 million, making RTX its fourth-largest holding and representing about 1% of its portfolio.
• RTX reported strong quarterly results, with revenue up 14.5% year over year and earnings of $1.89 per share versus the $1.66 consensus estimate. Defense demand remains strong, supported by a $22.9 billion Tomahawk missile contract and a 22% backlog increase to roughly $289 billion.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $228.59, though valuation concerns and rising commercial aerospace maintenance costs prompted one downgrade.

Freestone Grove Partners LP purchased a new position in RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 830,532 shares of the company's stock, valued at approximately $157,577,000. RTX comprises about 1.0% of Freestone Grove Partners LP's investment portfolio, making the stock its 4th largest position. Freestone Grove Partners LP owned approximately 0.06% of RTX at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Navalign LLC purchased a new position in shares of RTX in the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC purchased a new stake in RTX during the 4th quarter valued at about $26,000. Core Wealth Advisors LLC purchased a new stake in RTX during the 4th quarter valued at about $31,000. 1 North Wealth Services LLC grew its position in RTX by 456.7% during the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock worth $31,000 after acquiring an additional 137 shares during the last quarter. Finally, Evergreen Advisors LLC bought a new position in RTX during the 1st quarter worth approximately $31,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX News Summary

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 Price Performance

Shares of RTX stock opened at $211.93 on Thursday. The business has a 50 day moving average of $205.11 and a 200 day moving average of $195.73. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. The company has a market cap of $285.63 billion, a PE ratio of 37.31, a P/E/G ratio of 2.50 and a beta of 0.29. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX - Get Free Report) last released 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 business had revenue of $24.71 billion for the quarter, compared to analysts' expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous 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, equities research analysts forecast that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be paid 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 dividend yield of 1.4%. RTX's payout ratio is presently 51.41%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $238.00 price objective on shares of RTX in a research report on Monday, July 27th. Weiss Ratings cut shares of RTX from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Robert W. Baird set a $240.00 target price on shares of RTX in a research note on Friday, July 24th. Jefferies Financial Group set a $250.00 price target on shares of RTX in a report on Sunday, July 26th. Finally, Susquehanna increased their price target on shares of RTX from $235.00 to $245.00 and gave the company a "positive" rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $228.59.

Insider Activity

In related news, insider Troy D. Brunk sold 8,557 shares of the business's stock in a transaction dated 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. The trade was a 49.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin G. Dasilva sold 2,250 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 29,222 shares of company stock valued at $6,362,003. Corporate insiders own 0.10% of the company's stock.

RTX Company 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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