Foyston Gordon & Payne Inc Takes $2.82 Million Position in RTX Corporation $RTX

Key Points

• Foyston Gordon & Payne acquired a new RTX position worth approximately $2.82 million, buying 14,869 shares during the second quarter. Institutional investors and hedge funds collectively own 86.5% of RTX.
• RTX reported stronger-than-expected quarterly results, with EPS of $1.89 and revenue of $24.71 billion, up 14.5% year over year. The company also secured a roughly $22.9 billion, seven-year Tomahawk missile contract, while analysts maintain a consensus “Moderate Buy” rating and a $228.59 price target.
• Several RTX executives sold shares recently, including an EVP’s approximately $3.06 million sale that reduced his holdings by about 51%. RTX trades near its 52-week high at a relatively demanding forward valuation, though it continues to pay a quarterly dividend of $0.73 per share.

Foyston Gordon & Payne Inc bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 14,869 shares of the company's stock, valued at approximately $2,821,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpha Cubed Investments LLC grew its holdings in shares of RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company's stock worth $2,700,000 after purchasing an additional 50 shares during the last quarter. Schulhoff & Co. Inc. lifted its holdings in shares of RTX by 1.7% in the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company's stock valued at $585,000 after purchasing an additional 52 shares during the last quarter. Sunbeam Capital Management LLC lifted its holdings in shares of RTX by 1.6% in the 4th quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company's stock valued at $620,000 after purchasing an additional 53 shares during the last quarter. Sequent Planning LLC boosted its position in shares of RTX by 1.6% in the 4th quarter. Sequent Planning LLC now owns 3,364 shares of the company's stock valued at $617,000 after purchasing an additional 54 shares during the period. Finally, Boston Family Office LLC boosted its position in shares of RTX by 0.3% in the 4th quarter. Boston Family Office LLC now owns 17,857 shares of the company's stock valued at $3,275,000 after purchasing an additional 54 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 4,760 shares of RTX stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the completion of the sale, the vice president directly owned 22,349 shares in the company, valued at approximately $4,774,193.38. The trade was a 17.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,222 shares of company stock worth $6,362,003 in the last three months. 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: The European Commission closed its antitrust investigation into Pratt & Whitney Canada, RTX’s aircraft-engine unit. The decision removes the risk of potential enforcement action, fines or business restrictions tied to the probe. EU closes antitrust probe into RTX's Pratt & Whitney
• Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract. The award should improve long-term revenue visibility, support higher production and strengthen RTX’s defense backlog through the 2030s. Can RTX's Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Positive Sentiment: Recent quarterly results also remain supportive: RTX exceeded EPS and revenue expectations, posted 14.5% year-over-year revenue growth and raised confidence in its fiscal 2026 outlook. These results reinforce the company’s ability to convert its backlog into cash-generating programs. How Investors May Respond to RTX Winning a US$22.9 Billion Tomahawk Deal and Raising Guidance
• Neutral Sentiment: Broader market volatility, including concerns about Treasury policy, oil prices and upcoming inflation data, may be contributing to pressure across equities rather than reflecting a change in RTX’s fundamentals.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by about 51%. While the sale may be routine, it can weigh on sentiment when the stock is near its 52-week high. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades at a demanding earnings multiple after a substantial rally. The valuation leaves less room for execution disappointments and may encourage investors to take profits.

Wall Street Analyst Weigh In

Several research analysts have commented on RTX shares. Susquehanna lifted 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. Sanford C. Bernstein increased their price objective on RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Wall Street Zen lowered shares of RTX from a "strong-buy" rating to a "buy" rating in a research report on Sunday, April 26th. TD Cowen lifted their target price on shares of RTX from $225.00 to $240.00 and gave the company a "buy" rating in a report on Monday, July 27th. Finally, Dbs Bank upgraded shares of RTX from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

RTX Stock Performance

Shares of RTX stock opened at $210.36 on Friday. The stock has a market capitalization of $283.51 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.50 and a beta of 0.29. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. The stock's 50-day moving average price is $203.73 and its 200 day moving average price is $195.53. 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 data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company had revenue of $24.71 billion during the quarter, compared to analysts' expectations of $22.89 billion. During the same period last year, the firm earned $1.56 EPS. The firm'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. As a group, equities research analysts forecast that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. RTX's dividend payout ratio (DPR) is currently 51.41%.

RTX 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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