BG Investment Services LLC Acquires 13,923 Shares of RTX Corporation $RTX

Key Points

• BG Investment Services acquired 13,923 RTX shares worth approximately $2.6 million in the third quarter. Institutional investors collectively own 86.5% of RTX.
• RTX reported quarterly EPS of $2.26, beating estimates by $0.48, while revenue rose 11.1% year over year to $24.96 billion. Raytheon also secured a $350 million U.S. Air Force contract modification.
• Analyst sentiment remains positive, with RTX holding a “Moderate Buy” consensus rating and an average price target of $227.12, despite recent insider stock sales.

BG Investment Services LLC acquired a new position in RTX Corporation (NYSE:RTX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,923 shares of the company's stock, valued at approximately $2,585,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of RTX during the second quarter worth $20,970,571,000. State Street Corp boosted its holdings in shares of RTX by 3.1% in the 2nd quarter. State Street Corp now owns 95,417,318 shares of the company's stock valued at $18,103,528,000 after buying an additional 2,828,056 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of RTX by 5.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company's stock valued at $1,649,501,000 after buying an additional 411,356 shares during the period. Amundi grew its position in shares of RTX by 4.0% during the 2nd quarter. Amundi now owns 7,768,207 shares of the company's stock valued at $1,473,862,000 after buying an additional 295,964 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of RTX during the 2nd quarter valued at about $1,456,256,000. Institutional investors own 86.50% of the company's stock.

Insider Activity

In other news, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction that occurred on 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 owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

RTX Stock Performance

Shares of RTX opened at $191.10 on Friday. RTX Corporation has a 1 year low of $166.74 and a 1 year high of $226.88. The company has a market cap of $257.88 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 2.32 and a beta of 0.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.05. The firm has a fifty day moving average of $196.68 and a 200-day moving average of $193.62.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts anticipate that RTX Corporation will post 7.57 earnings per share for the current year.

Analyst Ratings Changes

RTX has been the topic of several research reports. Royal Bank Of Canada dropped their price objective on shares of RTX from $250.00 to $235.00 and set an "outperform" rating on the stock in a research note on Thursday, October 15th. Robert W. Baird set a $240.00 target price on shares of RTX in a report on Friday, July 24th. Barclays lifted their target price on RTX from $223.00 to $235.00 and gave the company an "overweight" rating in a research note on Wednesday. Citigroup reaffirmed a "buy" rating on shares of RTX in a report on Wednesday, October 7th. Finally, DA Davidson increased their price target on RTX from $192.00 to $219.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average price target of $227.12.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, secured a $350 million U.S. Air Force contract modification, reinforcing defense backlog visibility and supporting future revenue. RTX's Raytheon Secures $350 Million US Air Force Contract Modification
• Positive Sentiment: Erste Group Bank raised its RTX EPS forecasts to $7.30 for fiscal 2026 and $7.90 for fiscal 2027, citing improving expectations. The 2027 estimate is above the current consensus of $7.72. Erste Group Bank RTX earnings estimates
• Positive Sentiment: Analyst commentary continues to point to record third-quarter results, strong backlogs, aircraft production growth and resilient demand for replacement parts, repairs, engines and avionics. RTX’s latest reported quarter also exceeded earnings and revenue expectations. Are RTX Corporation and Northrop Grumman Ready to Break Out?
• Positive Sentiment: Collins Aerospace plans a 2027 radio-altimeter upgrade for business aircraft to meet new FAA standards and improve resilience to 5G interference. The program could generate recurring upgrade and service demand without requiring full avionics replacements. What Does RTX Altimeter Upgrade Push Mean For Business Aviation?
• Neutral Sentiment: Several articles concern NVIDIA GeForce RTX graphics cards, stolen GPUs and gaming products. Those stories are unrelated to RTX Corporation and should not be treated as catalysts for RTX stock.

RTX Profile

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.

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