California State Teachers Retirement System Boosts Stock Position in RTX Corporation $RTX

Key Points

• California State Teachers Retirement System dramatically increased its RTX stake by 387.8 million shares in the second quarter, bringing its holdings to 389.8 million shares, or approximately 28.9% of the company. Institutional investors collectively own 86.5% of RTX.
• RTX reported stronger-than-expected quarterly results, with earnings of $1.89 per share and revenue of $24.71 billion, up 14.5% year over year. The company expects fiscal 2026 earnings of $7.10–$7.25 per share and pays a quarterly dividend of $0.73.
• Analyst sentiment remains favorable: RTX has a consensus “Moderate Buy” rating and an average price target of $228.59, though recent insider selling and mixed valuation signals may temper near-term upside.

California State Teachers Retirement System raised its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 18,899.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 389,832,160 shares of the company's stock after buying an additional 387,780,302 shares during the quarter. California State Teachers Retirement System owned about 28.92% of RTX worth $73,962,856,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RTX. Fortress Financial Group LLC bought a new position in RTX in the 2nd quarter worth about $358,000. Navalign LLC bought a new stake in RTX during the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX during the 4th quarter valued at about $26,000. Evergreen Advisors LLC purchased a new position in RTX in the first quarter worth about $31,000. Finally, Core Wealth Advisors LLC bought a new position in shares of RTX in the fourth quarter worth approximately $31,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

RTX opened at $200.75 on Monday. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The company has a market cap of $270.56 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.59 and a beta of 0.29. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $207.91 and its 200 day moving average is $196.10.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts predict 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. Investors of record on Friday, August 14th were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 14th. RTX's dividend payout ratio (DPR) is currently 51.41%.

Insider Activity at RTX

In other RTX news, insider Troy Brunk sold 8,557 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the sale, the insider owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of the company's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $213.62, for a total value 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 29,222 shares of company stock worth $6,362,003. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of several analyst reports. Weiss Ratings raised shares of RTX from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $240.00 price objective on shares of RTX in a research report on Friday, July 24th. UBS Group increased their target price on RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Robert W. Baird set a $240.00 target price on RTX in a report on Friday, July 24th. Finally, Dbs Bank raised RTX from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Pratt & Whitney is expanding production capacity. The RTX business is investing $25 million to expand its precision-parts facility in Niepołomice, Poland. The project is expected to be operational in 2028, add more than 120 jobs, and support rising demand for commercial and military engines. RTX Pratt & Whitney Poland expansion
• Positive Sentiment: Defense demand remains a key tailwind. Naval modernization contracts and RTX’s substantial backlog are viewed as supporting longer-term revenue visibility, potentially offering investors an attractive entry point following the sector’s pullback. Defense stocks and Navy tailwinds
• Neutral Sentiment: Valuation signals are mixed. A recent analysis found RTX potentially undervalued based on discounted cash flow, while earnings multiples suggest the stock is closer to fair value after a 169.7% five-year advance. That may limit near-term upside unless earnings growth accelerates. RTX valuation analysis
• Positive Sentiment: Analyst sentiment remains favorable. Wall Street commentary continues to highlight optimistic recommendations for RTX, supporting the view that the recent weakness may be a consolidation rather than a change in the long-term outlook. Wall Street outlook for RTX

About RTX

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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