Cartenna Capital LP Buys Shares of 390,000 RTX Corporation $RTX

Key Points

• Cartenna Capital LP bought a new position of 390,000 shares of RTX in Q3, valued at about $65.26 million, representing 1.8% of the firm's holdings and its 17th-largest position.
• RTX reported a Q4 EPS beat and set FY2026 guidance of $6.60–$6.80, while Raytheon completed a $115M missile‑integration facility expansion to boost delivery capacity.
• Despite a consensus rating of “Moderate Buy” with a $202 price target, the company faces execution/backlog conversion risks from engine/supply constraints and recent insider selling that could weigh on near-term cash flow and volatility.

Cartenna Capital LP bought a new position in RTX Corporation (NYSE:RTX - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 390,000 shares of the company's stock, valued at approximately $65,259,000. RTX accounts for 1.8% of Cartenna Capital LP's holdings, making the stock its 17th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of RTX in the second quarter valued at about $2,359,602,000. Laurel Wealth Advisors LLC grew its holdings in RTX by 14,974.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company's stock worth $525,518,000 after acquiring an additional 3,575,069 shares in the last quarter. Vanguard Group Inc. increased its position in RTX by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company's stock valued at $17,825,353,000 after purchasing an additional 2,238,247 shares during the period. Massachusetts Financial Services Co. MA increased its position in RTX by 9.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company's stock valued at $2,330,215,000 after purchasing an additional 1,361,071 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of RTX by 27.5% in the 3rd quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company's stock valued at $802,640,000 after purchasing an additional 1,034,456 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Q4 results and FY26 guide support valuation — RTX reported a quarterly EPS beat and set FY2026 EPS guidance of $6.60–$6.80, signaling healthy margin/revenue momentum that underpins the stock’s premium multiple.
• Positive Sentiment: Capacity expansion in missiles: Raytheon (an RTX business) completed a $115M, 26,000 sq ft expansion at its Redstone missile integration facility to lift integration/delivery capacity >50% and grow local headcount — this directly boosts execution capacity on high‑margin defense programs. RTX's Raytheon completes $115 million expansion of Alabama missile integration facility
• Neutral Sentiment: Analyst stance steady — Jefferies reaffirmed a Hold and $225 price target after the DoD cleared a NASAMS sale to Egypt; that keeps a near‑term valuation ceiling but doesn’t signal downgrades. Jefferies Reaffirms Hold Rating on RTX
• Neutral Sentiment: Defense incident noted, but direct impact unclear — A KC-135 crash in Iraq is being reported; while it highlights ongoing military operations (and potential sustainment demand), it’s a developing story with no direct program implications for RTX yet. U.S. Military Confirms Loss of KC-135 Refueling Aircraft
• Neutral Sentiment: Media noise from “RTX” consumer GPU stories — Several headlines reference NVIDIA’s “RTX” GPUs (unrelated to RTX Corporation). These can create search/noise but have no material effect on RTX’s fundamentals. Transforming Data Science With NVIDIA RTX PRO 6000
• Negative Sentiment: Backlog conversion risk: analysis highlights a $268B defense backlog but warns RTX faces an engine/supply “crisis” that could slow converting orders into cash — this execution risk is a meaningful negative catalyst for near‑term cash flow and investor confidence. Munitions Burned in 100 Hours Could Fuel RTX's Next Growth Wave
• Negative Sentiment: Recent price weakness flagged by market press — Coverage calling out a >2% daily decline notes investor profit‑taking and sensitivity to macro/defense headlines, which can amplify short‑term volatility. Here's Why RTX Fell More Than Broader Market

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. TD Cowen reaffirmed a "buy" rating on shares of RTX in a research report on Tuesday, January 27th. Robert W. Baird set a $225.00 price objective on shares of RTX in a research note on Wednesday, January 28th. Morgan Stanley restated an "overweight" rating and set a $235.00 target price on shares of RTX in a report on Wednesday, January 28th. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research report on Friday, March 6th. Finally, Wall Street Zen downgraded RTX from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 14th. One 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 issued a Sell rating to the company. According to MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.00.

RTX Stock Up 0.7%

Shares of RTX stock opened at $204.54 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The company has a market cap of $275.31 billion, a P/E ratio of 41.24, a PEG ratio of 2.96 and a beta of 0.42. The firm's 50 day moving average price is $199.67 and its 200-day moving average price is $180.44. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $214.50.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.08. The company had revenue of $24.24 billion during the quarter, compared to analysts' expectations of $22.65 billion. RTX had a net margin of 7.60% and a return on equity of 13.08%. RTX's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 20th. RTX's dividend payout ratio is currently 54.84%.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 15,124 shares of the business's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the transaction, the executive vice president directly owned 13,184 shares in the company, valued at $2,698,105.60. The trade was a 53.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dantaya M. Williams sold 12,713 shares of the company's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the transaction, the executive vice president directly owned 16,749 shares in the company, valued at $3,397,199.67. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 89,255 shares of company stock worth $18,151,956. 0.15% of the stock is currently owned by corporate insiders.

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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