Beacon Pointe Advisors LLC Increases Stock Position in RTX Corporation $RTX

Beacon Pointe Advisors LLC lifted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,131 shares of the company's stock after buying an additional 8,313 shares during the period. Beacon Pointe Advisors LLC's holdings in RTX were worth $41,576,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in RTX in the second quarter valued at approximately $20,970,571,000. Norges Bank acquired a new position in RTX during the fourth quarter valued at approximately $3,167,626,000. Auto Owners Insurance Co grew its stake in RTX by 24,730.9% during the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock worth $1,852,882,000 after buying an additional 10,062,269 shares during the period. Bank of New York Mellon Corp purchased a new stake in RTX during the second quarter worth approximately $1,456,256,000. Finally, Legal & General Group Plc acquired a new stake in shares of RTX in the second quarter worth $1,267,256,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Performance

RTX stock opened at $211.97 on Friday. 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 12 month low of $150.61 and a 12 month high of $226.88. The company has a fifty day moving average price of $206.15 and a two-hundred day moving average price of $195.94. The company has a market cap of $285.68 billion, a PE 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 posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. During the same period last year, the firm posted $1.56 EPS. The company'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. Research analysts expect that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on RTX. Weiss Ratings raised shares of RTX from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday. Wells Fargo & Company increased their price target on RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Robert W. Baird set a $240.00 price objective on RTX in a research report on Friday, July 24th. UBS Group boosted their price objective on RTX from $198.00 to $215.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and a consensus target price of $228.59.

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the sale, the vice president directly owned 22,349 shares in the company, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the business's 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 transaction, the insider owned 8,809 shares of the company's stock, valued at $1,852,444.61. This represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 29,222 shares of company stock valued at $6,362,003 over the last quarter. Insiders own 0.10% of the company's stock.

Trending Headlines about RTX

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 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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