Hardy Reed LLC Buys Shares of 4,796 RTX Corporation $RTX

Key Points

• Hardy Reed LLC acquired 4,796 RTX shares worth approximately $910,000 in the second quarter, while institutional investors collectively own 86.5% of the company.
• RTX reported strong quarterly results, with EPS of $1.89 and revenue of $24.71 billion, exceeding estimates and representing 14.5% year-over-year revenue growth. The company maintained 2026 EPS guidance of $7.10–$7.25 and declared a quarterly dividend of $0.73 per share.
• Defense prospects remain positive following Pentagon agreements to expand interceptor-missile component production, but RTX’s valuation is elevated at roughly 39 times earnings and insiders have sold shares recently.

Hardy Reed LLC bought a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,796 shares of the company's stock, valued at approximately $910,000.

A number of other hedge funds have also made changes to their positions in RTX. Brighton Jones LLC raised its stake in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after purchasing an additional 159 shares in the last quarter. United Bank grew its stake in RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company's stock worth $1,490,000 after purchasing an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company's stock valued at $3,052,000 after buying an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in RTX during the second quarter valued at approximately $5,157,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
• Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
• Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
• Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
• Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract

RTX Stock Up 1.1%

NYSE:RTX opened at $222.88 on Friday. The firm has a market capitalization of $300.38 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 2.62 and a beta of 0.29. The stock has a 50 day moving average of $200.02 and a 200-day moving average of $194.86. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. 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 (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (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 business had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter last year, the business posted $1.56 EPS. The business's revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 1.3%. RTX's payout ratio is 51.41%.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. UBS Group increased their target price on RTX from $198.00 to $215.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Morgan Stanley reiterated an "overweight" rating and issued a $240.00 price target on shares of RTX in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $238.00 price objective on shares of RTX in a research note on Monday, July 27th. Wells Fargo & Company lifted their price objective on shares of RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Finally, Weiss Ratings lowered shares of RTX from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday. 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 assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $228.59.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction dated Friday, July 24th. The stock was 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. This trade represents a 17.56% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 15,567 shares of company stock valued at $3,304,375. Corporate insiders own 0.10% of the company's stock.

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.

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source