Cornerstone Advisors LLC Takes $17.18 Million Position in RTX Corporation $RTX

Key Points

• Cornerstone Advisors acquired 90,538 RTX shares worth approximately $17.18 million in the second quarter, while institutional investors collectively own 86.5% of the company.
• RTX reported quarterly EPS of $1.89, exceeding the $1.66 consensus estimate, on revenue of $24.71 billion, up 14.5% year over year. Management maintained fiscal 2026 EPS guidance of $7.10–$7.25.
• Raytheon secured a $22.9 billion, seven-year Tomahawk missile contract expected to significantly increase production, supporting RTX’s defense growth outlook; the company also declared a quarterly dividend of $0.73 per share.

Cornerstone Advisors LLC purchased a new position in RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 90,538 shares of the company's stock, valued at approximately $17,178,000.

Other hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC acquired a new stake in RTX in the second quarter valued at approximately $372,000. Pavion Blue Capital LLC purchased a new position in shares of RTX during the 2nd quarter valued at approximately $1,021,000. UNIVEST FINANCIAL Corp acquired a new stake in RTX in the 2nd quarter valued at $1,252,000. Grandfield & Dodd LLC purchased a new stake in RTX in the 2nd quarter worth $62,856,000. Finally, Auxano Advisors LLC acquired a new position in RTX during the second quarter worth $1,512,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Trading Down 0.5%

Shares of RTX opened at $221.87 on Tuesday. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. The stock has a market cap of $299.03 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.29. The firm's fifty day moving average is $200.88 and its two-hundred day moving average is $195.01. 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 posted 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 firm 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 revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts forecast that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm 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 is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. RTX's dividend payout ratio is presently 51.41%.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a $22.9 billion, seven-year Tomahawk missile contract from the U.S. Navy. The agreement is intended to sharply expand annual production from approximately 60 missiles to more than 1,000, creating significant multi-year visibility for RTX’s defense business. US Navy awards Raytheon $22.9 billion contract to boost Tomahawk output
• Positive Sentiment: The contract supports the Pentagon’s effort to replenish critical munitions and follows heavy Tomahawk usage in military operations. Investors view the award as evidence of sustained government demand and a potential catalyst for RTX’s defense growth. The US military is paying RTX’s Raytheon more for Tomahawk missiles
• Positive Sentiment: RTX’s latest quarterly results provide additional support: earnings per share reached $1.89 versus the $1.66 consensus estimate, while revenue rose 14.5% year over year to $24.71 billion. Management’s fiscal 2026 EPS guidance of $7.10–$7.25 remains broadly consistent with analyst expectations.
• Neutral Sentiment: The contract is strategically significant, but its effect on near-term earnings will depend on production execution, capacity expansion, costs and the timing of deliveries. RTX also trades at a relatively elevated valuation, with a reported P/E near 39.
• Neutral Sentiment: Several other articles concern Nvidia GeForce RTX graphics cards, laptops or unrelated technology promotions rather than RTX Corporation. They do not materially affect the company’s investment outlook. Esports Hotel Thieves Caught Swapping Out RTX 5080 GPUs for RTX 3060s

Analyst Ratings Changes

Several research firms have issued reports on RTX. Wells Fargo & Company increased their price objective on shares of RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $238.00 price target on shares of RTX in a research report on Monday, July 27th. Argus set a $245.00 price objective on RTX in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on RTX from $230.00 to $250.00 and gave the stock an "outperform" rating 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 issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and an average target price of $228.59.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 4,760 shares of RTX stock in a transaction that occurred on 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 transaction, the vice president owned 22,349 shares in the company, valued at approximately $4,774,193.38. The trade was a 17.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,567 shares of company stock worth $3,304,375 over the last three months. Corporate insiders own 0.10% of the company's stock.

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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