Centric Wealth Management Purchases Shares of 23,364 RTX Corporation $RTX

Key Points

• Centric Wealth Management acquired 23,364 RTX shares worth approximately $4.04 million in the second quarter. Institutional investors collectively own 86.5% of RTX.
• RTX reported strong quarterly results, with revenue up 14.5% year over year to $24.71 billion and EPS of $1.89, beating estimates of $1.66. The company reaffirmed 2026 EPS guidance of $7.10–$7.25 and declared a quarterly dividend of $0.73.
• RTX is benefiting from increased defense demand, including Pentagon agreements to expand production of missile-interceptor components, but the stock’s roughly 39 P/E ratio and recent insider selling suggest valuation and execution risks.

Centric Wealth Management acquired a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,364 shares of the company's stock, valued at approximately $4,040,000.

A number of other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of RTX in the fourth quarter worth $3,167,626,000. Auto Owners Insurance Co grew its position in RTX by 24,730.9% in the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock valued at $1,852,882,000 after purchasing an additional 10,062,269 shares in the last quarter. Amundi increased its stake in RTX by 69.7% in the 1st quarter. Amundi now owns 7,472,243 shares of the company's stock valued at $1,441,396,000 after buying an additional 3,070,123 shares during the last quarter. Vanguard Group Inc. lifted its position in RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company's stock worth $22,922,464,000 after buying an additional 2,210,950 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in RTX by 1,545.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company's stock worth $316,128,000 after buying an additional 1,618,933 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

More RTX News

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

Insiders Place Their Bets

In related news, VP Kevin G. Dasilva sold 2,250 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the transaction, the vice president owned 20,099 shares of the company's stock, valued at $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Troy D. Brunk sold 8,557 shares of the company'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 sale, the insider directly owned 8,809 shares of the company's stock, valued at $1,852,444.61. This represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 15,567 shares of company stock valued at $3,304,375. Corporate insiders own 0.10% of the company's stock.

RTX Stock Performance

NYSE RTX opened at $222.88 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $300.38 billion, a P/E ratio of 39.24, a P/E/G ratio of 2.65 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 price of $200.02 and a two-hundred day moving average price of $194.86.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion for the quarter, compared to analysts' expectations of $22.89 billion. During the same period last year, the firm earned $1.56 earnings per share. The business's revenue for the quarter was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Erste Group Bank cut RTX from a "buy" rating to a "hold" rating in a report on Monday, April 27th. Morgan Stanley reissued an "overweight" rating and set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Sanford C. Bernstein raised their price target on RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. Susquehanna boosted their price target on RTX from $235.00 to $245.00 and gave the stock a "positive" rating in a research report on Friday, July 24th. Finally, Dbs Bank upgraded RTX from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 10th. 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 given a Sell rating to the stock. According to MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and an average target price of $228.59.

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.

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source