Engineers Gate Manager LP Purchases 85,686 Shares of RTX Corporation $RTX

Key Points

• Engineers Gate Manager LP increased its RTX stake by 978.6% in the second quarter, purchasing 85,686 additional shares and bringing its holdings to 94,442 shares valued at approximately $17.9 million. Institutional investors collectively own 86.5% of RTX.
• RTX secured a $472 million U.S. Army contract to modernize CH-47 Chinook helicopters, strengthening its defense backlog. The company also exceeded quarterly earnings expectations, reporting $1.89 in adjusted EPS and $24.71 billion in revenue.
• RTX shares opened at $197.66, down 0.6%, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $228.59. Company insiders, however, sold 29,222 shares worth about $6.36 million over the past 90 days.

Engineers Gate Manager LP increased its position in RTX Corporation (NYSE:RTX - Free Report) by 978.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,442 shares of the company's stock after purchasing an additional 85,686 shares during the period. Engineers Gate Manager LP's holdings in RTX were worth $17,918,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RTX. Fortress Financial Group LLC bought a new position in shares of RTX during the second quarter valued at approximately $358,000. Navalign LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX in the 4th quarter worth approximately $26,000. Evergreen Advisors LLC bought a new stake in shares of RTX in the 1st quarter worth approximately $31,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of RTX in the 4th quarter worth approximately $31,000. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of the firm'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 transaction, the vice president directly owned 22,349 shares in the company, valued at $4,774,193.38. The trade was a 17.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by company insiders.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX secured a $472 million contract to modernize the U.S. Army’s CH-47 Chinook helicopter fleet. The work includes avionics upgrades and supports fleet readiness, strengthening RTX’s defense backlog and providing additional visibility for its Collins Aerospace business. Can Chinook Modernization Strengthen RTX's Defense Growth?
• Neutral Sentiment: Several reports discuss NVIDIA’s potential new GeForce RTX 5070 variant, RTX 50-series pricing, DLSS frame-generation technology being enabled on older RTX 30-series cards, and RTX-powered laptops. These developments may affect NVIDIA’s graphics business and broader gaming-hardware demand, but they are not direct catalysts for RTX Corporation. Modders Unlock DLSS Multi Frame Generation For RTX 30-Series GPUs
• Neutral Sentiment: Reports on RTX-branded gaming laptops, HP systems using NVIDIA RTX technology, and a Chinese mini-PC featuring a mobile RTX 5090 indicate continued consumer interest in AI and gaming hardware. However, the products belong to NVIDIA and its hardware partners rather than RTX Corporation’s aerospace and defense operations. HP Launches OmniBook Products With NVIDIA RTX Spark
• Negative Sentiment: A report about a service center disposing of an RTX 4090 after a repair dispute could raise concerns about customer service for a particular NVIDIA graphics-card seller, but it does not appear financially material to RTX Corporation. Service Center Disposes of RTX 4090 After Repair Dispute

RTX Stock Down 0.6%

Shares of RTX stock opened at $197.66 on Thursday. RTX Corporation has a twelve month low of $151.65 and a twelve month high of $226.88. 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's 50 day moving average is $208.49 and its 200 day moving average is $195.99. The company has a market cap of $266.39 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 2.56 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last posted 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 business had revenue of $24.71 billion during 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 firm's revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts anticipate that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Friday, August 14th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 14th. RTX's dividend payout ratio is 51.41%.

Analyst Ratings Changes

RTX has been the subject of a number of analyst reports. Dbs Bank raised RTX from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 10th. Susquehanna increased their target price on RTX from $235.00 to $245.00 and gave the stock a "positive" rating in a research note on Friday, July 24th. UBS Group increased their target price on RTX from $198.00 to $215.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Argus set a $245.00 price target on RTX in a report on Thursday, July 30th. Finally, Citigroup reaffirmed a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. One investment 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $228.59.

RTX Company Profile

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and manufactures systems, products and services for commercial aviation, business aviation and government customers. Its offerings include aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, radar, air and missile defense systems, precision weapons and cybersecurity solutions.

The company operates through three principal businesses: Collins Aerospace, which provides aerospace systems and components; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance services; and Raytheon, which develops integrated defense systems, sensors, missiles and other mission technologies.

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