Bryn Mawr Trust Advisors LLC Makes New Investment in RTX Corporation $RTX

Key Points

• Bryn Mawr Trust Advisors initiated a $23.3 million RTX position by purchasing 122,831 shares in the second quarter; institutional investors collectively own 86.5% of the stock.
• Analysts remain broadly bullish, with RTX carrying a “Moderate Buy” consensus rating and an average price target of $228.59. The company also reported quarterly earnings and revenue above expectations, with revenue up 14.5% year over year.
• RTX benefits from expanded missile-interceptor production agreements with the Pentagon, but its valuation appears relatively full at about 39 times earnings, while insiders sold roughly $3.3 million of shares over the last quarter.

Bryn Mawr Trust Advisors LLC acquired a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 122,831 shares of the company's stock, valued at approximately $23,305,000. RTX accounts for about 1.0% of Bryn Mawr Trust Advisors LLC's holdings, making the stock its 18th largest holding.

A number of other large investors have also recently made changes to their positions in RTX. Navalign LLC acquired a new stake in RTX during the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of RTX in the fourth quarter valued at about $26,000. Core Wealth Advisors LLC purchased a new position in shares of RTX in the fourth quarter worth about $31,000. 1 North Wealth Services LLC raised its stake in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock worth $31,000 after purchasing an additional 137 shares during the last quarter. Finally, Evergreen Advisors LLC acquired a new stake in shares of RTX during the first quarter worth about $31,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Jefferies Financial Group set a $250.00 target price on RTX in a research report on Sunday, July 26th. Robert W. Baird set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Citigroup restated a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. UBS Group upped their price objective on shares of RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, Susquehanna increased their price objective on shares of RTX from $235.00 to $245.00 and gave the stock a "positive" rating in a research note on Friday, July 24th. One investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $228.59.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
• Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
• Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
• Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
• Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 4,760 shares of the business's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $213.62, for a total value of $1,016,831.20. Following the completion of the transaction, the vice president directly owned 22,349 shares in the company, valued at $4,774,193.38. The trade was a 17.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the firm's stock in a transaction 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 owned 8,809 shares in the company, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 15,567 shares of company stock valued at $3,304,375. Company insiders own 0.10% of the company's stock.

RTX Stock Up 1.1%

Shares of RTX opened at $222.88 on Friday. The company has a market capitalization of $300.38 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 2.62 and a beta of 0.29. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. The stock's 50-day moving average price is $200.02 and its 200-day moving average price is $194.86. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating 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 company had revenue of $24.71 billion during the quarter, compared to analysts' expectations of $22.89 billion. During the same period last year, the business earned $1.56 earnings per share. RTX's quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, sell-side analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX's payout ratio is 51.41%.

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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