Castlekeep Investment Advisors LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,024 shares of the company's stock, valued at approximately $953,000.
Several other hedge funds have also bought and sold shares of the stock. Fortress Financial Group LLC bought a new position in shares of RTX in the second quarter worth approximately $358,000. Navalign LLC bought a new position in RTX in the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC purchased a new stake in RTX in the 4th quarter worth $26,000. Evergreen Advisors LLC bought a new stake in RTX during the first quarter valued at about $31,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of RTX in the fourth quarter valued at about $31,000. Institutional investors own 86.50% of the company's stock.
RTX Stock Performance
RTX opened at $210.32 on Wednesday. The firm has a market capitalization of $283.47 billion, a PE ratio of 37.03, a P/E/G ratio of 2.49 and a beta of 0.29. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The firm has a 50 day moving average of $204.72 and a two-hundred day moving average of $195.62. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.
RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.23. The firm had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, analysts anticipate that RTX Corporation will post 7.22 EPS for the current year.
RTX Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX's payout ratio is currently 51.41%.
Insider Activity at RTX
In other RTX news, VP Kevin G. Dasilva sold 4,760 shares of the company's stock in a transaction dated 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 owned 22,349 shares in the company, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 8,557 shares of the 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 sale, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,222 shares of company stock worth $6,362,003 in the last three months. Company insiders own 0.10% of the company's stock.
Key Headlines Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Collins Aerospace completes F-35 altitude testing: RTX’s Collins Aerospace successfully completed high-altitude testing of its Enhanced Power and Cooling System (EPACS), validating performance in conditions relevant to real-world F-35 operations. The system is designed to provide greater cooling capacity for advanced mission systems, supporting future F-35 upgrades and potentially other defense and commercial aircraft programs. The milestone reinforces RTX’s technology position, although it is not expected to create an immediate material revenue impact. RTX Collins Aerospace EPACS completes altitude testing
- Positive Sentiment: RTX remains a strong aerospace and defense performer: Recent comparisons of RTX with L3Harris, GE Aerospace and Boeing highlight its momentum, growth outlook, return on invested capital and exposure to commercial aerospace recovery and defense demand. The favorable sector positioning may be supporting investor interest in RTX. RTX versus L3Harris aerospace momentum comparison
- Neutral Sentiment: NVIDIA “RTX” coverage is unrelated to RTX Corporation: Reports on DLSS 4.5, RTX Remix, RTX Spark laptops, GeForce graphics cards and gaming PCs concern NVIDIA’s product ecosystem. They do not represent announcements, sales or competitive developments for NYSE:RTX and should not be treated as direct catalysts for RTX Corporation’s stock.
Analysts Set New Price Targets
Several analysts recently issued reports on RTX shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $238.00 target price on shares of RTX in a research note on Monday, July 27th. Jefferies Financial Group set a $250.00 price objective on shares of RTX in a research report on Sunday, July 26th. Argus set a $245.00 target price on RTX in a research report on Thursday, July 30th. Citigroup reiterated a "buy" rating on shares of RTX in a report on Wednesday, June 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $240.00 price target on shares of RTX in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $228.59.
Check Out Our Latest Stock Report on RTX
About RTX
(
Free Report)
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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