Braun Stacey Associates Inc. Raises Holdings in RTX Corporation $RTX

Braun Stacey Associates Inc. increased its position in RTX Corporation (NYSE:RTX - Free Report) by 4.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 199,579 shares of the company's stock after purchasing an additional 8,572 shares during the period. RTX accounts for about 1.1% of Braun Stacey Associates Inc.'s holdings, making the stock its 29th biggest holding. Braun Stacey Associates Inc.'s holdings in RTX were worth $37,866,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RTX. BlackRock Inc. purchased a new stake in RTX in the second quarter valued at approximately $20,970,571,000. State Street Corp grew its position in shares of RTX by 0.7% during the fourth quarter. State Street Corp now owns 91,884,588 shares of the company's stock worth $16,851,633,000 after acquiring an additional 630,558 shares during the last quarter. Morgan Stanley grew its position in shares of RTX by 0.4% during the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company's stock worth $5,462,310,000 after acquiring an additional 105,069 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of RTX by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company's stock valued at $3,998,155,000 after acquiring an additional 625,994 shares during the period. Finally, Norges Bank acquired a new position in shares of RTX in the 4th quarter valued at $3,167,626,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting 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.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RTX shares. Weiss Ratings upgraded shares of RTX from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Robert W. Baird set a $240.00 target price on shares of RTX in a report on Friday, July 24th. TD Cowen increased their target price on shares of RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Finally, Royal Bank Of Canada raised their price target on RTX from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $228.59.

RTX Price Performance

Shares of NYSE RTX opened at $211.97 on Friday. The stock has a fifty day moving average price of $206.15 and a 200 day moving average price of $195.94. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. 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 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 announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to analysts' expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. RTX's revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Sell-side analysts forecast that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the firm's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the completion of the sale, the vice president owned 22,349 shares of the company's stock, valued at approximately $4,774,193.38. The trade was a 17.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 29,222 shares of company stock valued at $6,362,003 over the last ninety days. Corporate insiders own 0.10% of the company's stock.

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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