Jupiter Topco LLC Takes Position in RTX Corporation $RTX

Key Points

• Jupiter Topco LLC acquired 1.09 million RTX shares worth approximately $206 million, joining several other funds that initiated positions during the second quarter. Institutional investors now own 86.5% of RTX.
• RTX reported better-than-expected quarterly results, with EPS of $1.89 versus a $1.66 consensus estimate and revenue up 14.5% year over year to $24.71 billion. The company also declared a quarterly dividend of $0.73 per share, representing a 1.4% annualized yield.
• Defense demand remains strong, highlighted by a $22.9 billion Tomahawk missile contract and a backlog reportedly up 22% to about $289 billion. Analysts maintain a “Moderate Buy” consensus with a $228.59 target price, though some caution that RTX’s premium valuation and rising commercial aerospace maintenance costs create risks.

Jupiter Topco LLC acquired a new stake in RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,085,844 shares of the company's stock, valued at approximately $205,958,000. Jupiter Topco LLC owned about 0.08% of RTX at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kinetic Partners Management LP purchased a new stake in RTX in the 2nd quarter valued at $89,040,000. EFG International AG acquired a new stake in RTX during the 2nd quarter worth approximately $2,618,000. Primecap Management Co. CA purchased a new position in shares of RTX in the 2nd quarter valued at approximately $71,331,000. PDT Partners LLC purchased a new stake in shares of RTX during the second quarter worth approximately $5,586,000. Finally, Palisade Capital Management LP acquired a new stake in shares of RTX during the second quarter worth $367,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.8%

Shares of RTX opened at $211.93 on Thursday. RTX Corporation has a twelve month low of $150.61 and a twelve month 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. The firm has a market capitalization of $285.63 billion, a P/E ratio of 37.31, a PEG ratio of 2.50 and a beta of 0.29. The firm's 50-day moving average is $205.11 and its two-hundred day moving average is $195.73.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, research analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced 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 1.4%. RTX's dividend payout ratio is 51.41%.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at $2,952,161.28. The trade was a 50.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kevin G. Dasilva sold 4,760 shares of the 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,222 shares of company stock worth $6,362,003 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense unit, received a $22.9 billion U.S. military contract to accelerate Tomahawk missile production. The award supports multiyear revenue visibility and reflects the need to replenish depleted U.S. and allied stockpiles. Raytheon’s Missile Windfall: What the Navy’s Record Tomahawk Order Means for RTX Corporation
• Positive Sentiment: Recent analyst commentary highlights a 22% backlog increase to approximately $289 billion, strong defense demand and improving free cash flow. RTX’s latest quarterly results also showed revenue growth, earnings that exceeded expectations and particularly strong performance from Raytheon. RTX Stock Will Keep Rewarding Patient Investors
• Positive Sentiment: Collins Aerospace completed altitude testing of its Enhanced Power and Cooling System for the F-35. Successful testing advances a next-generation system that could support future F-35 upgrades and related aerospace revenue. Why Is RTX Testing Progress Important for Its Next Generation Defense Systems?
• Neutral Sentiment: RTX’s Blue Canyon Technologies introduced a new spacecraft mission-enablement product. The announcement reinforces RTX’s broader space and defense capabilities, although the near-term financial impact was not disclosed. RTX’s Blue Canyon Technologies Introduces New Spacecraft Mission Enabler
• Negative Sentiment: One analyst downgraded RTX, citing its premium valuation alongside rising commercial aerospace maintenance costs. The concerns are important because the stock trades at a high earnings multiple, leaving less room for execution setbacks. RTX Corporation: More Missiles and Higher Commercial Maintenance Trigger Premium Price Tag

Analysts Set New Price Targets

A number of brokerages have commented on RTX. Citigroup restated a "buy" rating on shares of RTX in a research report on Wednesday, June 17th. Weiss Ratings cut RTX from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. 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. Argus set a $245.00 price target on RTX in a research note on Thursday, July 30th. Finally, TD Cowen upped their price objective on RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $228.59.

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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