Occidental Asset Management LLC Invests $2.40 Million in RTX Corporation $RTX

Key Points

• Occidental Asset Management acquired 12,665 RTX shares worth approximately $2.40 million during the second quarter. Institutional investors and hedge funds collectively own 86.5% of RTX.
• Raytheon won a $22.9 billion, seven-year Tomahawk missile contract from the U.S. Navy, potentially expanding annual production from about 60 missiles to more than 1,000 and strengthening RTX’s defense outlook.
• RTX reported better-than-expected quarterly results, with EPS of $1.89 and revenue up 14.5% year over year to $24.71 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $228.59, although the stock’s roughly 39 P/E ratio reflects an elevated valuation.

Occidental Asset Management LLC acquired a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,665 shares of the company's stock, valued at approximately $2,403,000.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in shares of RTX in the fourth quarter valued at about $3,167,626,000. Auto Owners Insurance Co grew its stake in RTX by 24,730.9% in the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock valued at $1,852,882,000 after buying an additional 10,062,269 shares during the last quarter. Bank of New York Mellon Corp bought a new position in RTX in the 2nd quarter valued at about $1,456,256,000. Deutsche Bank AG acquired a new stake in RTX during the second quarter worth approximately $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of RTX in the second quarter valued at approximately $636,932,000. 86.50% of the stock is owned by institutional investors and hedge funds.

More RTX News

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 at RTX

In related news, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction that occurred on 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 directly owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $488,092.50. Following the completion of the sale, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This represents a 10.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,567 shares of company stock worth $3,304,375 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RTX has been the subject of several research reports. UBS Group lifted their price target on RTX from $198.00 to $215.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. TD Cowen increased their price objective on RTX from $225.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Weiss Ratings downgraded RTX from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Morgan Stanley restated an "overweight" rating and issued a $240.00 price target on shares of RTX in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of RTX from a "strong-buy" rating to a "buy" rating in a research note on Sunday, April 26th. 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 company's stock. According to MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average price target of $228.59.

RTX Trading Down 0.5%

Shares of RTX stock opened at $221.87 on Tuesday. RTX Corporation has a fifty-two week low of $150.61 and a fifty-two week high of $226.88. The stock's fifty day moving average price is $200.88 and its two-hundred day moving average price is $195.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The company has a market cap of $299.03 billion, a PE ratio of 39.06, a P/E/G ratio of 2.65 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company had revenue of $24.71 billion during the quarter, compared to analysts' expectations of $22.89 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. RTX'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. Equities analysts predict that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio (DPR) is presently 51.41%.

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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