RTX Corporation $RTX Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its RTX stake by 62.5% in the second quarter, selling 1.11 million shares and retaining 669,162 shares valued at about $127 million. Institutional investors and hedge funds still own 86.5% of RTX.
• RTX reported strong quarterly results, with earnings of $1.89 per share exceeding estimates of $1.66 and revenue rising 14.5% year over year to $24.71 billion. The company maintained fiscal 2026 EPS guidance of $7.10–$7.25.
• Shares recently traded near their 52-week high, while RTX announced a quarterly dividend of $0.73 per share, yielding approximately 1.3%. Wall Street’s consensus rating remains “Moderate Buy”, with an average price target of $228.59.

Assenagon Asset Management S.A. lowered its holdings in RTX Corporation (NYSE:RTX - Free Report) by 62.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 669,162 shares of the company's stock after selling 1,114,366 shares during the period. Assenagon Asset Management S.A.'s holdings in RTX were worth $126,960,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. World Investment Advisors raised its holdings in shares of RTX by 8.7% in the 4th quarter. World Investment Advisors now owns 62,448 shares of the company's stock worth $11,453,000 after purchasing an additional 5,020 shares during the period. Milestone Asset Management Group LLC lifted its stake in shares of RTX by 34.7% in the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company's stock valued at $5,504,000 after purchasing an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of RTX during the 4th quarter worth about $2,308,000. Truist Financial Corp grew its holdings in shares of RTX by 2.3% during the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company's stock worth $424,575,000 after purchasing an additional 53,045 shares during the period. Finally, Wealth Science Advisors LLC acquired a new stake in RTX during the 4th quarter worth approximately $1,439,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 8,557 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $488,092.50. Following the sale, the vice president 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 15,567 shares of company stock worth $3,304,375. Corporate insiders own 0.10% of the company's stock.

RTX Trading Up 0.4%

NYSE RTX opened at $223.18 on Friday. The stock has a market cap of $300.80 billion, a P/E ratio of 39.29, a PEG ratio of 2.65 and a beta of 0.29. The company's fifty day simple moving average is $194.52 and its 200-day simple moving average is $193.79. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $225.65.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same period last year, the business earned $1.56 EPS. The business'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 research analysts predict that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on RTX shares. TD Cowen raised their price target on shares of RTX from $225.00 to $240.00 and gave the company a "buy" rating in a report on Monday, July 27th. Wall Street Zen downgraded shares of RTX from a "strong-buy" rating to a "buy" rating in a research note on Sunday, April 26th. Erste Group Bank lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. UBS Group raised their target price on shares of RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Finally, Robert W. Baird set a $240.00 target price on shares of RTX in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.59.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: SPY-6 radar milestone supports defense growth prospects. Raytheon installed the first SPY-6(V)4 radar array at the Navy’s Wallops Island test site. The system is part of the Flight IIA Arleigh Burke-class destroyer modernization program, and upcoming testing could determine the pace of fleet-wide upgrades. Successful testing would strengthen RTX’s position in naval radar and provide potential long-term program revenue. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Momentum-focused coverage remains favorable. Zacks and Yahoo Finance articles highlight RTX as a highly ranked momentum stock, reflecting its recent share-price strength, solid earnings execution and improving investor sentiment. However, these reports are largely screening-based rather than new fundamental catalysts. RTX Is a Top-Ranked Momentum Stock What Makes RTX a Strong Momentum Stock
• Neutral Sentiment: Valuation comparison provides context. A comparison with Lockheed Martin focuses on how investors are pricing two major defense contractors. It does not identify a material change in RTX’s outlook, but reinforces that valuation, backlog quality and execution will be important after the stock’s strong run. RTX vs. Lockheed Martin: How the Street Is Pricing Two Defense Giants
• Neutral Sentiment: Several RTX-branded GPU articles are unrelated to RTX Corporation. Stories about GeForce RTX 5090 pricing, driver crashes and gaming laptops concern NVIDIA’s graphics products, not RTX Corporation’s aerospace and defense business, and therefore should not affect the investment case for NYSE: RTX.

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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