Kirtland Hills Capital Management LLC Makes New Investment in RTX Corporation $RTX

Key Points

• Kirtland Hills Capital Management acquired 10,802 RTX shares worth approximately $2.05 million during 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; revenue increased 14.5% year over year, and the company issued fiscal 2026 EPS guidance of $7.10–$7.25.
• Raytheon won a roughly $22.9 billion, seven-year Tomahawk missile contract, supporting its defense backlog, although recent executive share sales and RTX’s elevated valuation could weigh on investor sentiment.

Kirtland Hills Capital Management LLC acquired a new stake in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,802 shares of the company's stock, valued at approximately $2,049,000.

Other hedge funds also recently bought and sold shares of the company. Milestone Asset Management Group LLC increased its stake in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company's stock worth $5,504,000 after purchasing an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in RTX in the 4th quarter valued at approximately $2,308,000. Truist Financial Corp lifted its stake in RTX by 2.3% in the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company's stock valued at $424,575,000 after buying an additional 53,045 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in RTX by 5.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company's stock valued at $39,054,000 after buying an additional 10,426 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in RTX by 206.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company's stock worth $32,711,000 after buying an additional 120,094 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was 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 of the company's stock, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 2,250 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the transaction, the vice president owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 29,222 shares of company stock worth $6,362,003. Corporate insiders own 0.10% of the company's stock.

Trending Headlines about 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.

RTX Stock Performance

Shares of NYSE:RTX opened at $210.36 on Friday. The business has a 50-day moving average of $203.73 and a two-hundred day moving average of $195.53. The firm has a market capitalization of $283.51 billion, a PE ratio of 37.04, a P/E/G ratio of 2.50 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $226.88.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating 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 revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, research analysts forecast that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Erste Group Bank downgraded RTX from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Weiss Ratings downgraded shares of RTX from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Wells Fargo & Company upped their price objective on shares of RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Sanford C. Bernstein increased their price target on RTX from $213.00 to $232.00 and gave the stock a "market perform" rating in a research note on Monday, August 3rd. Finally, Robert W. Baird set a $240.00 price objective on RTX in a research report on Friday, July 24th. One equities research 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 given a Sell rating to the company's stock. According to MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average price target 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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