Primecap Management Co. CA Acquires New Position in RTX Corporation $RTX

Key Points

• Primecap Management initiated a sizable RTX position, purchasing 375,962 shares valued at approximately $71.3 million in the second quarter. Institutional investors and hedge funds collectively own 86.5% of RTX.
• RTX reported stronger-than-expected quarterly results, with $1.89 in EPS and $24.71 billion in revenue, up 14.5% year over year. The company also maintained 2026 EPS guidance of $7.10–$7.25 and announced a quarterly dividend of $0.73 per share.
• Analysts remain broadly positive, giving RTX a consensus “Moderate Buy” rating and an average price target of $228.59, though insiders sold about $6.36 million of stock over the past three months and valuation concerns remain.

Primecap Management Co. CA purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 375,962 shares of the company's stock, valued at approximately $71,331,000.

Several other institutional investors and hedge funds have also made changes to their positions in RTX. BlackRock Inc. bought a new position in shares of RTX in the 2nd quarter worth about $20,970,571,000. Norges Bank bought a new stake in shares of RTX during the 4th quarter valued at about $3,167,626,000. Auto Owners Insurance Co raised its stake in RTX by 24,730.9% during the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company's stock worth $1,852,882,000 after acquiring an additional 10,062,269 shares during the period. Bank of New York Mellon Corp acquired a new stake in RTX during the second quarter worth about $1,456,256,000. Finally, Legal & General Group Plc bought a new position in RTX in the second quarter worth about $1,267,256,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction on 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 transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction dated 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 directly owned 20,099 shares in the company, valued at $4,360,076.07. This represents a 10.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 29,222 shares of company stock valued at $6,362,003 over the last three months. Insiders own 0.10% of the company's stock.

RTX Price Performance

NYSE:RTX opened at $211.93 on Thursday. 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 business's 50-day moving average price is $205.11 and its 200 day moving average price is $195.73. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. The firm has a market cap of $285.63 billion, a P/E ratio of 37.31, a PEG ratio of 2.50 and a beta of 0.29.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, sell-side analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on RTX shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $238.00 price target on shares of RTX in a research note on Monday, July 27th. Royal Bank Of Canada increased their target price on shares of RTX from $230.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Dbs Bank raised shares of RTX from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 10th. Citigroup reaffirmed a "buy" rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Susquehanna increased their price objective on shares of RTX from $235.00 to $245.00 and gave the company a "positive" rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $228.59.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense unit, received a $22.9 billion U.S. military contract to accelerate Tomahawk missile production. The award supports multiyear revenue visibility and reflects the need to replenish depleted U.S. and allied stockpiles. Raytheon’s Missile Windfall: What the Navy’s Record Tomahawk Order Means for RTX Corporation
• Positive Sentiment: Recent analyst commentary highlights a 22% backlog increase to approximately $289 billion, strong defense demand and improving free cash flow. RTX’s latest quarterly results also showed revenue growth, earnings that exceeded expectations and particularly strong performance from Raytheon. RTX Stock Will Keep Rewarding Patient Investors
• Positive Sentiment: Collins Aerospace completed altitude testing of its Enhanced Power and Cooling System for the F-35. Successful testing advances a next-generation system that could support future F-35 upgrades and related aerospace revenue. Why Is RTX Testing Progress Important for Its Next Generation Defense Systems?
• Neutral Sentiment: RTX’s Blue Canyon Technologies introduced a new spacecraft mission-enablement product. The announcement reinforces RTX’s broader space and defense capabilities, although the near-term financial impact was not disclosed. RTX’s Blue Canyon Technologies Introduces New Spacecraft Mission Enabler
• Negative Sentiment: One analyst downgraded RTX, citing its premium valuation alongside rising commercial aerospace maintenance costs. The concerns are important because the stock trades at a high earnings multiple, leaving less room for execution setbacks. RTX Corporation: More Missiles and Higher Commercial Maintenance Trigger Premium Price Tag

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.

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