PCM Encore LLC Buys Shares of 8,176 RTX Corporation $RTX

Key Points

• PCM Encore LLC acquired 8,176 RTX shares worth approximately $1.55 million in the second quarter. Institutional investors collectively own 86.5% of RTX.
• RTX reported strong quarterly results, with adjusted EPS of $1.89 beating estimates and revenue rising 14.5% year over year to $24.71 billion. Raytheon also secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract, strengthening its defense backlog.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and average price target of $228.59, but the stock’s elevated valuation near 37 times earnings and recent insider selling could increase profit-taking risk.

PCM Encore LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,176 shares of the company's stock, valued at approximately $1,551,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. Navalign LLC acquired a new stake in shares of RTX in the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new position in RTX during the 4th quarter valued at about $26,000. Evergreen Advisors LLC purchased a new stake in RTX in the first quarter valued at about $31,000. Core Wealth Advisors LLC acquired a new stake in RTX in the fourth quarter worth about $31,000. Finally, 1 North Wealth Services LLC boosted its holdings in RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy contract for Tomahawk cruise missiles. The agreement is expected to support production of more than 1,000 missiles annually, strengthening RTX’s defense backlog, revenue visibility and long-term cash-flow prospects. Investors May Respond to RTX Winning a $22.9 Billion Tomahawk Deal
• Positive Sentiment: The contract complements RTX’s stronger-than-expected second-quarter results. Adjusted EPS was $1.89 versus the $1.66 consensus, revenue reached $24.71 billion—up 14.5% year over year—and management raised or reaffirmed fiscal 2026 EPS guidance at $7.10–$7.25 while continuing dividend growth. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Neutral Sentiment: Industry research projects growth in commercial aircraft inflight entertainment and connectivity, including Asia-Pacific fleet expansion and aircraft retrofits. RTX is listed as a participant, but the report does not identify a new contract or quantify a near-term financial benefit. Commercial Aircraft Inflight Entertainment and Connectivity Systems Market Report
• Neutral Sentiment: Articles concerning GeForce RTX graphics cards, path-traced GTA 4 and comparisons with the PlayStation 5 relate to NVIDIA’s gaming hardware, not RTX Corporation, and have no meaningful effect on NYSE: RTX.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by 50.88%. The sale may weigh on sentiment, although it does not by itself indicate weakening fundamentals. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades near its 52-week high at a relatively rich valuation—about 37 times earnings based on the supplied market data. After the defense-contract and earnings rally, elevated expectations leave the stock vulnerable to profit-taking, even though analysts retain a broadly positive consensus.

Analysts Set New Price Targets

RTX has been the topic of several recent analyst reports. Sanford C. Bernstein upped their price objective on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Erste Group Bank cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Monday, April 27th. Morgan Stanley reissued an "overweight" rating and set a $240.00 target price on shares of RTX in a research report on Friday, July 24th. Wall Street Zen lowered shares of RTX from a "strong-buy" rating to a "buy" rating in a research note on Sunday, April 26th. Finally, Robert W. Baird set a $240.00 price target on shares of RTX in a report on Friday, July 24th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $228.59.

Insider Buying and Selling at RTX

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were 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. This trade represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 2,250 shares of the business's stock in a transaction 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 transaction, the vice president owned 20,099 shares of the company's stock, valued at $4,360,076.07. This represents a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 29,222 shares of company stock worth $6,362,003. Company insiders own 0.10% of the company's stock.

RTX Stock Down 3.5%

Shares of RTX stock opened at $212.62 on Friday. RTX Corporation has a fifty-two week low of $150.61 and a fifty-two week high of $226.88. The firm has a market capitalization of $286.56 billion, a PE ratio of 37.43, a P/E/G ratio of 2.62 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. The stock's 50-day simple moving average is $203.20 and its 200-day simple moving average is $195.42.

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 analysts' consensus estimates of $1.66 by $0.23. The firm had revenue of $24.71 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities analysts expect that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

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