Proficio Capital Partners LLC Increases Stake in RTX Corporation $RTX

Key Points

• Proficio Capital Partners increased its RTX stake by 213.6% in the second quarter, bringing its holdings to 11,390 shares valued at approximately $2.16 million. Institutional investors collectively own 86.5% of RTX.
• RTX reported quarterly revenue of $24.71 billion and EPS of $1.89, beating analyst expectations, while revenue rose 14.5% year over year. Its backlog increased 22% to roughly $289 billion, supported by strong defense demand and a $22.9 billion Tomahawk missile contract.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $228.59, but one downgrade cited RTX’s premium valuation and rising commercial aerospace maintenance costs. The company also announced a quarterly dividend of $0.73 per share, equal to a 1.4% yield.

Proficio Capital Partners LLC raised its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 213.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,390 shares of the company's stock after purchasing an additional 7,758 shares during the quarter. Proficio Capital Partners LLC's holdings in RTX were worth $2,161,000 as of its most recent filing with the Securities & Exchange Commission.

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

Key Headlines Impacting RTX

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

Analysts Set New Price Targets

RTX has been the subject of several recent research reports. Susquehanna lifted their price target on RTX from $235.00 to $245.00 and gave the company a "positive" rating in a research report on Friday, July 24th. Weiss Ratings upgraded RTX from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $238.00 price target on shares of RTX in a research report on Monday, July 27th. Royal Bank Of Canada raised their price objective 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. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, RTX has an average rating of "Moderate Buy" and an average price target of $228.59.

RTX Price Performance

RTX opened at $211.93 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The stock's 50 day simple moving average is $205.11 and its 200 day simple moving average is $195.73. The firm has a market cap of $285.63 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.50 and a beta of 0.29. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88.

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. The firm had revenue of $24.71 billion for 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%. The business's revenue was up 14.5% on a year-over-year basis. During the same quarter last 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, analysts predict that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. RTX's dividend payout ratio (DPR) is presently 51.41%.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 8,557 shares of the business'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 approximately $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,222 shares of company stock worth $6,362,003 in the last 90 days. Company insiders own 0.10% of the company's stock.

About RTX

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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