Arizona State Retirement System Has $70.86 Million Stock Holdings in RTX Corporation $RTX

Key Points

• Arizona State Retirement System increased its RTX stake by 1.6% in the second quarter, owning 373,482 shares valued at approximately $70.86 million. Institutional investors collectively hold 86.5% of RTX’s outstanding stock.
• RTX reported stronger-than-expected quarterly results, with EPS of $1.89 versus the $1.66 consensus and revenue of $24.71 billion, up 14.5% year over year. The company issued fiscal 2026 EPS guidance of $7.10–$7.25 and pays an annualized dividend of $2.92 per share.
• Analysts maintain a generally positive outlook, with RTX receiving a consensus “Moderate Buy” rating and an average price target of $228.59. However, insiders sold more than 29,000 shares worth approximately $6.36 million over the past three months.

Arizona State Retirement System lifted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 1.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 373,482 shares of the company's stock after acquiring an additional 6,042 shares during the period. Arizona State Retirement System's holdings in RTX were worth $70,861,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RTX. Navalign LLC bought a new position in RTX during the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX in the 4th quarter valued at approximately $26,000. Core Wealth Advisors LLC acquired a new position in shares of RTX in the 4th quarter worth approximately $31,000. 1 North Wealth Services LLC lifted its position in shares of 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 buying an additional 137 shares during the period. Finally, Evergreen Advisors LLC bought a new position in shares of RTX during the 1st quarter worth approximately $31,000. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

Shares of RTX stock traded down $2.02 during trading hours on Tuesday, hitting $198.77. 3,626,325 shares of the company's stock were exchanged, compared to its average volume of 5,513,626. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. The stock has a market cap of $267.89 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 2.59 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The stock's 50-day moving average is $208.18 and its 200-day moving average is $196.09.

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

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX's payout ratio is currently 51.41%.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the company's 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 transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Troy 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 transaction of $1,799,451.53. Following the sale, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over 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.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Susquehanna upped their price target on RTX from $235.00 to $245.00 and gave the company a "positive" rating in a research report on Friday, July 24th. Argus set a $245.00 price objective on RTX in a report on Thursday, July 30th. Sanford C. Bernstein boosted their target price on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of RTX from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $238.00 target price on shares of RTX in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and an average price target of $228.59.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX secured a $472 million Chinook modernization contract to upgrade avionics and support fleet readiness for the U.S. Army. The award should strengthen RTX’s defense backlog, provide longer-term revenue visibility and reinforce its position in military aerospace modernization. Can Chinook Modernization Strengthen RTX's Defense Growth?
• Neutral Sentiment: Repeated coverage of the Chinook award highlights improving defense demand, but the contract alone is unlikely to materially change near-term earnings expectations. Investors may continue focusing on execution, margins and RTX’s aerospace supply-chain recovery following its strong latest quarterly results.
• Neutral Sentiment: Most other headlines reference NVIDIA’s RTX-branded GPUs, including RTX 50-series laptops, RTX Spark systems, DLSS modifications and reports of a melted RTX 5090 power connector. These stories may affect NVIDIA, but they have no direct operational connection to RTX Corporation.

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.

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