MidFirst Bank Buys Shares of 4,575 RTX Corporation $RTX

Key Points

• MidFirst Bank purchased 4,575 RTX shares worth approximately $868,000 during the second quarter. Institutional investors collectively own 86.5% of RTX’s outstanding stock.
• RTX reported quarterly EPS of $1.89, exceeding the $1.66 consensus estimate, while revenue rose 14.5% year over year to $24.71 billion. The company maintained fiscal 2026 EPS guidance of $7.10–$7.25 and declared a quarterly dividend of $0.73.
• Analysts remain generally positive, assigning RTX a “Moderate Buy” consensus rating and an average price target of $228.59. Separately, Raytheon won a potentially significant $22.9 billion, seven-year Tomahawk missile contract, though its earnings impact will depend on production and delivery execution.

MidFirst Bank purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,575 shares of the company's stock, valued at approximately $868,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after purchasing an additional 159 shares in the last quarter. United Bank grew its position in shares of RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company's stock valued at $1,490,000 after purchasing an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. grew its position in shares of 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 purchasing an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of RTX during the 2nd quarter worth approximately $5,157,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Jefferies Financial Group set a $250.00 price target on RTX in a research report on Sunday, July 26th. Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th. Argus set a $245.00 price objective on RTX in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their price objective on RTX from $230.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, RTX has an average rating of "Moderate Buy" and an average target price of $228.59.

RTX Stock Performance

Shares of RTX opened at $221.87 on Tuesday. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88. The company's 50 day simple moving average is $200.88 and its 200 day simple moving average is $195.01. The company has a market capitalization of $299.03 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 2.65 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last released its 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 firm had revenue of $24.71 billion during the quarter, compared to analysts' expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. RTX's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period 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, sell-side analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX's dividend payout ratio (DPR) is presently 51.41%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a $22.9 billion, seven-year Tomahawk missile contract from the U.S. Navy. The agreement is intended to sharply expand annual production from approximately 60 missiles to more than 1,000, creating significant multi-year visibility for RTX’s defense business. US Navy awards Raytheon $22.9 billion contract to boost Tomahawk output
• Positive Sentiment: The contract supports the Pentagon’s effort to replenish critical munitions and follows heavy Tomahawk usage in military operations. Investors view the award as evidence of sustained government demand and a potential catalyst for RTX’s defense growth. The US military is paying RTX’s Raytheon more for Tomahawk missiles
• Positive Sentiment: RTX’s latest quarterly results provide additional support: earnings per share reached $1.89 versus the $1.66 consensus estimate, while revenue rose 14.5% year over year to $24.71 billion. Management’s fiscal 2026 EPS guidance of $7.10–$7.25 remains broadly consistent with analyst expectations.
• Neutral Sentiment: The contract is strategically significant, but its effect on near-term earnings will depend on production execution, capacity expansion, costs and the timing of deliveries. RTX also trades at a relatively elevated valuation, with a reported P/E near 39.
• Neutral Sentiment: Several other articles concern Nvidia GeForce RTX graphics cards, laptops or unrelated technology promotions rather than RTX Corporation. They do not materially affect the company’s investment outlook. Esports Hotel Thieves Caught Swapping Out RTX 5080 GPUs for RTX 3060s

Insider Activity

In related news, VP Kevin G. Dasilva sold 2,250 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the sale, the vice president directly owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares of the company's stock, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,567 shares of company stock valued at $3,304,375 in the last 90 days. 0.10% of the stock is owned by company insiders.

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.

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.

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