Archer Investment Corp Purchases Shares of 5,088 RTX Corporation $RTX

Key Points

• Archer Investment Corp. acquired 5,088 RTX shares during the second quarter, valued at approximately $965,000. Institutional investors collectively own 86.5% of RTX.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $228.59; several firms recently raised targets to as high as $250.
• RTX reported strong quarterly results, including $1.89 adjusted EPS and $24.71 billion in revenue, up 14.5% year over year. The company also declared a quarterly dividend of $0.73 per share, representing a 1.4% yield.

Archer Investment Corp acquired a new position in RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,088 shares of the company's stock, valued at approximately $965,000.

Several other institutional investors also recently modified their holdings of RTX. Alpha Cubed Investments LLC raised its position in RTX by 0.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company's stock worth $2,700,000 after purchasing an additional 50 shares during the last quarter. Schulhoff & Co. Inc. increased its stake in shares of RTX by 1.7% in 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. Sunbeam Capital Management LLC raised its position in shares of 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 position in shares of RTX by 1.6% during 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 last quarter. Finally, Boston Family Office LLC raised its holdings in RTX by 0.3% during the 4th quarter. Boston Family Office LLC now owns 17,857 shares of the company's stock worth $3,275,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of RTX from $230.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Wells Fargo & Company increased their target price on shares of RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Morgan Stanley reissued an "overweight" rating and issued a $240.00 target price on shares of RTX in a research note on Friday, July 24th. Susquehanna raised their price target on RTX from $235.00 to $245.00 and gave the stock a "positive" rating in a research report on Friday, July 24th. 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 given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $228.59.

Insider Buying and Selling

In other news, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction dated Tuesday, July 28th. The stock was 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 of the company's stock, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,222 shares of company stock worth $6,362,003 in the last 90 days. Insiders own 0.10% of the company's stock.

RTX News Roundup

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 Trading Down 0.1%

Shares of RTX opened at $211.97 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. The firm has a market cap of $285.68 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.52 and a beta of 0.29. The business's fifty day moving average is $206.15 and its 200-day moving average is $195.94.

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

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. RTX's dividend payout ratio (DPR) is 51.41%.

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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