Griffin Asset Management Inc. Has $13.30 Million Stake in RTX Corporation $RTX

Key Points

• Griffin Asset Management cut its RTX stake by 8.2% in Q1, selling 6,190 shares and leaving it with 68,975 shares worth about $13.3 million. RTX remains a meaningful holding, ranking as the fund’s 22nd-largest position.
• RTX recently beat Wall Street’s quarterly expectations, reporting $1.78 EPS versus the $1.52 estimate and revenue of $22.08 billion, up 8.7% year over year. The company also reaffirmed a strong outlook with FY 2026 EPS guidance of 6.6 to 6.8.
• Analysts remain broadly constructive on RTX, with a consensus rating of Moderate Buy and an average price target of $211.38. The stock also pays a quarterly dividend of $0.73, implying a yield of about 1.5%.

Griffin Asset Management Inc. lowered its stake in RTX Corporation (NYSE:RTX - Free Report) by 8.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,975 shares of the company's stock after selling 6,190 shares during the period. RTX makes up approximately 1.5% of Griffin Asset Management Inc.'s holdings, making the stock its 22nd biggest position. Griffin Asset Management Inc.'s holdings in RTX were worth $13,305,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Alpha Cubed Investments LLC raised its stake in shares of RTX by 0.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company's stock valued at $2,700,000 after acquiring an additional 50 shares in the last quarter. LeConte Wealth Management LLC boosted its position in RTX by 2.3% during the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company's stock worth $412,000 after purchasing an additional 51 shares during the period. Rydar Equities Inc. grew its holdings in RTX by 0.4% during the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company's stock valued at $2,480,000 after purchasing an additional 52 shares during the last quarter. Schulhoff & Co. Inc. raised its position in shares of RTX by 1.7% in the fourth 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 period. Finally, Howard Capital Management Inc. raised its position in shares of RTX by 0.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company's stock valued at $2,263,000 after purchasing an additional 53 shares during the period. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RTX. Jefferies Financial Group reaffirmed a "buy" rating on shares of RTX in a report on Wednesday. Dbs Bank upgraded shares of RTX from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 10th. Wells Fargo & Company began coverage on RTX in a research report on Wednesday, April 1st. They issued an "equal weight" rating and a $200.00 price target on the stock. Erste Group Bank lowered RTX from a "buy" rating to a "hold" rating in a research note on Monday, April 27th. Finally, Citigroup reissued a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $211.38.

RTX Price Performance

Shares of RTX stock opened at $194.99 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. RTX Corporation has a fifty-two week low of $143.56 and a fifty-two week high of $214.50. The firm has a fifty day moving average price of $182.26 and a two-hundred day moving average price of $191.27. The company has a market cap of $262.59 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 2.76 and a beta of 0.30.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts expect that RTX Corporation will post 6.92 EPS for the current year.

RTX Dividend Announcement

The company also recently declared 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 1.5%. RTX's dividend payout ratio is 54.78%.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is expanding European missile production through its Raytheon unit, including work with NATO and Diehl Defence to strengthen the missile supply chain and potentially double Stinger output. RTX Expands European Missile Production With NATO And Diehl Defence
• Positive Sentiment: RTX was named as one of the aerospace-defense stocks to watch as defense spending and aviation demand remain strong, reinforcing the bull case for the sector. 3 Aerospace-Defense Stocks to Buy Amid Strong Industry Tailwinds
• Positive Sentiment: Collins Aerospace opened a fully operational UK Engineering Center of Excellence, which should support next-generation aircraft systems development and certification work. RTX's Collins Aerospace opens UK Engineering Center of Excellence
• Neutral Sentiment: Brokerage coverage continues to rate RTX as a “Moderate Buy,” suggesting Wall Street remains constructive but not materially changing the outlook today. RTX Receives Consensus Recommendation of Moderate Buy
• Neutral Sentiment: RTX was recently flagged as a trending stock by Zacks, but the piece is more of a readership/attention note than a clear operational catalyst. Is Trending Stock RTX Corporation (RTX) a Buy Now?
• Negative Sentiment: RTX saw a sharper one-day decline than the broader market in the most recent session, which may reflect profit-taking after the stock’s strong run. RTX Registers a Bigger Fall Than the Market: Important Facts to Note

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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