Fulcrum Asset Management LLP Makes New Investment in RTX Corporation $RTX

Key Points

• Fulcrum Asset Management purchased 6,459 RTX shares worth approximately $1.21 million in the second quarter. Institutional investors and hedge funds collectively own 86.5% of RTX.
• Raytheon secured a $22.9 billion, seven-year U.S. military contract to expand Tomahawk missile production, significantly strengthening RTX’s backlog and future revenue visibility.
• RTX reported quarterly earnings of $1.89 per share, beating estimates, while revenue rose 14.5% year over year to $24.71 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $228.59, and the company pays a quarterly dividend of $0.73 per share.

Fulcrum Asset Management LLP bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,459 shares of the company's stock, valued at approximately $1,210,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in RTX during the second quarter worth $20,970,571,000. Norges Bank acquired a new position in shares of RTX during the 4th quarter worth $3,167,626,000. Auto Owners Insurance Co raised its holdings in shares of RTX by 24,730.9% during the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock worth $1,852,882,000 after buying an additional 10,062,269 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of RTX during the 2nd quarter worth $1,456,256,000. Finally, Legal & General Group Plc acquired a new stake in RTX in the second quarter valued at about $1,267,256,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a $22.9 billion, seven-year U.S. military contract to accelerate Tomahawk missile production from roughly 60 to 1,000 missiles annually. The award materially expands RTX’s backlog and visibility, while highlighting sustained demand to replenish U.S. and allied weapons inventories. Is RTX Undervalued As Its $22.9 Billion Missile Contract Expands Backlog?
• Positive Sentiment: Raytheon completed a $50 million expansion of its Forest, Mississippi, facility. The 17,000-square-foot addition is intended to increase production of electronic-warfare and radar systems and is expected to create 100 high-skilled jobs by 2028, supporting RTX’s ability to fulfill growing defense orders. RTX’s Raytheon Completes $50 Million Expansion of Mississippi Manufacturing Facility
• Positive Sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation for RTX. This provides continued analyst support following the company’s latest earnings beat, in which revenue rose 14.5% year over year and earnings exceeded consensus estimates. RTX Receives Consensus Recommendation of Moderate Buy
• Neutral Sentiment: Recent coverage comparing RTX with Rolls-Royce and the broader aerospace sector indicates that RTX has delivered strong performance this year, including an approximately 18% 90-day gain and 13% year-to-date increase. The comparison reinforces momentum but does not represent a new company catalyst. Are Aerospace Stocks Lagging RTX Corporation This Year?
• Neutral Sentiment: Most other articles concern NVIDIA’s GeForce RTX graphics cards, DLSS software, gaming PCs, or unrelated companies. Those reports do not materially affect RTX Corporation’s aerospace and defense operations or its stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RTX. Sanford C. Bernstein lifted their price target on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Argus set a $245.00 price objective on RTX in a research note on Thursday, July 30th. Robert W. Baird set a $240.00 price objective on RTX in a report on Friday, July 24th. Dbs Bank upgraded shares of RTX from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 10th. Finally, Citigroup reissued 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 given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and an average price target of $228.59.

RTX Stock Down 0.1%

RTX stock opened at $211.97 on Friday. The firm has a market capitalization of $285.68 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.52 and a beta of 0.29. 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 Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. The firm's fifty day moving average price is $206.15 and its two-hundred day moving average price is $195.94.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.99% and a net margin of 8.28%.The firm had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same period in the prior year, the business posted $1.56 earnings per share. The company's quarterly revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

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 paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio is 51.41%.

Insider Activity at RTX

In related news, VP Kevin G. Dasilva sold 4,760 shares of the firm's 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 owned 22,349 shares in the company, valued at approximately $4,774,193.38. This trade represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is owned by company insiders.

RTX Company 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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