Maven Securities LTD Purchases 28,501 Shares of RTX Corporation $RTX

Key Points

• Maven Securities increased its RTX position by 552.7% in the second quarter, buying 28,501 additional shares for a total holding of 33,658 shares valued at approximately $6.4 million. Institutional investors collectively own 86.5% of RTX.
• RTX secured a $472 million U.S. Army contract to modernize CH-47 Chinook helicopters, strengthening its defense backlog. The award is viewed as a long-term positive but relatively small compared with RTX’s roughly $268 billion market capitalization.
• RTX reported stronger-than-expected quarterly results, with EPS of $1.89 and revenue of $24.71 billion, up 14.5% year over year. Analysts maintain a “Moderate Buy” consensus, with an average price target of $228.59, while insiders have sold more than $6.3 million of stock over the past 90 days.

Maven Securities LTD boosted its position in RTX Corporation (NYSE:RTX - Free Report) by 552.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,658 shares of the company's stock after acquiring an additional 28,501 shares during the period. Maven Securities LTD's holdings in RTX were worth $6,386,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Navalign LLC acquired a new stake in RTX in the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC acquired a new position in RTX during the fourth quarter worth $26,000. Core Wealth Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at $31,000. 1 North Wealth Services LLC grew its holdings in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock valued at $31,000 after buying an additional 137 shares during the last quarter. Finally, Evergreen Advisors LLC acquired a new position in shares of RTX during the first quarter valued at about $31,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX secured a $472 million contract to modernize the U.S. Army’s CH-47 Chinook helicopter fleet. The work includes avionics upgrades and support for fleet readiness, strengthening RTX’s defense backlog and providing additional visibility for its Collins Aerospace and defense operations. Can Chinook Modernization Strengthen RTX's Defense Growth?
• Neutral Sentiment: The Chinook award supports RTX’s exposure to sustained U.S. defense spending and Army modernization. However, the contract appears incremental relative to RTX’s roughly $268 billion market capitalization, so investors may view it as a backlog and long-term growth positive rather than a major catalyst for current-year earnings. Can Chinook Modernization Strengthen RTX's Defense Growth?

RTX Stock Performance

NYSE RTX opened at $198.77 on Wednesday. The company's 50 day moving average is $208.36 and its 200-day moving average is $196.04. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The firm has a market cap of $267.89 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 2.59 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $22.89 billion. During the same quarter in the prior year, the firm earned $1.56 earnings per share. RTX's revenue for the quarter was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Sell-side analysts predict that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX's dividend payout ratio is 51.41%.

Insider Activity at RTX

In related news, insider Troy Brunk sold 8,557 shares of RTX stock in a transaction on Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the transaction, the insider owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business's 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 sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 29,222 shares of company stock valued at $6,362,003. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TD Cowen upped their target price on shares of RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Royal Bank Of Canada lifted their price target on RTX from $230.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Robert W. Baird set a $240.00 price objective on RTX in a report on Friday, July 24th. Citigroup reissued a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Weiss Ratings upgraded RTX from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $228.59.

RTX Company Profile

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and manufactures systems, products and services for commercial aviation, business aviation and government customers. Its offerings include aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, radar, air and missile defense systems, precision weapons and cybersecurity solutions.

The company operates through three principal businesses: Collins Aerospace, which provides aerospace systems and components; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance services; and Raytheon, which develops integrated defense systems, sensors, missiles and other mission technologies.

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.