Alyeska Investment Group L.P. acquired a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 242,105 shares of the company's stock, valued at approximately $45,935,000.
Other hedge funds have also recently modified their holdings of the company. Alpha Cubed Investments LLC lifted its position in shares of RTX by 0.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company's stock worth $2,700,000 after buying an additional 50 shares in the last quarter. Schulhoff & Co. Inc. grew its position in RTX by 1.7% in the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company's stock worth $585,000 after acquiring an additional 52 shares in the last quarter. Sunbeam Capital Management LLC increased its stake in RTX by 1.6% during 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 last quarter. Sequent Planning LLC raised its holdings in RTX by 1.6% during the 4th quarter. Sequent Planning LLC now owns 3,364 shares of the company's stock valued at $617,000 after buying an additional 54 shares during the period. Finally, Boston Family Office LLC boosted its stake in RTX by 0.3% during the fourth quarter. Boston Family Office LLC now owns 17,857 shares of the company's stock worth $3,275,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.
RTX Trading Up 0.1%
Shares of RTX stock opened at $211.97 on Monday. 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's 50 day simple moving average is $206.15 and its 200-day simple moving average is $195.94. The stock has a market cap of $285.68 billion, a P/E ratio of 37.32, a P/E/G ratio of 2.52 and a beta of 0.29.
RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. RTX's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Analysts predict that RTX Corporation will post 7.22 EPS for the current fiscal year.
RTX Announces Dividend
The business also recently declared 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 is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.4%. RTX's dividend payout ratio is 51.41%.
Insider Transactions at RTX
In related news, EVP Ramsaran Maharajh sold 13,655 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares of the company's stock, 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. In the last three months, insiders sold 29,222 shares of company stock valued at $6,362,003. Insiders own 0.10% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on RTX shares. Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th. Dbs Bank raised RTX from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 10th. Sanford C. Bernstein raised their price objective on RTX from $213.00 to $232.00 and gave the stock a "market perform" rating in a research report on Monday, August 3rd. Royal Bank Of Canada boosted their price target on RTX from $230.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Finally, Argus set a $245.00 price objective on shares of RTX in a research note on Thursday, July 30th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $228.59.
Get Our Latest Report on RTX
Key RTX News
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon won a $22.9 billion, seven-year U.S. military contract to accelerate Tomahawk missile production from roughly 60 to 1,000 missiles annually. The award materially expands RTX’s backlog and visibility, while highlighting sustained demand to replenish U.S. and allied weapons inventories. Is RTX Undervalued As Its $22.9 Billion Missile Contract Expands Backlog?
- Positive Sentiment: Raytheon completed a $50 million expansion of its Forest, Mississippi, facility. The 17,000-square-foot addition is intended to increase production of electronic-warfare and radar systems and is expected to create 100 high-skilled jobs by 2028, supporting RTX’s ability to fulfill growing defense orders. RTX’s Raytheon Completes $50 Million Expansion of Mississippi Manufacturing Facility
- Positive Sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation for RTX. This provides continued analyst support following the company’s latest earnings beat, in which revenue rose 14.5% year over year and earnings exceeded consensus estimates. RTX Receives Consensus Recommendation of Moderate Buy
- Neutral Sentiment: Recent coverage comparing RTX with Rolls-Royce and the broader aerospace sector indicates that RTX has delivered strong performance this year, including an approximately 18% 90-day gain and 13% year-to-date increase. The comparison reinforces momentum but does not represent a new company catalyst. Are Aerospace Stocks Lagging RTX Corporation This Year?
- Neutral Sentiment: Most other articles concern NVIDIA’s GeForce RTX graphics cards, DLSS software, gaming PCs, or unrelated companies. Those reports do not materially affect RTX Corporation’s aerospace and defense operations or its stock.
RTX Company Profile
(
Free Report)
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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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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