RTX Corporation $RTX Stock: Alps Advisors Inc. Boosts Holdings

Key Points

• Alps Advisors increased its RTX stake by 29.2% in the third quarter, adding 9,430 shares to reach 41,683 shares valued at about $7.7 million. Institutional investors collectively own 86.5% of RTX.
• RTX beat quarterly estimates, reporting EPS of $2.26 and revenue of $24.96 billion; revenue rose 11.1% year over year. The company declared a $0.73 quarterly dividend, equivalent to a 1.5% annual yield at the cited share price.
• Two RTX executive vice presidents reported sizable stock sales, while analysts’ consensus rating was Moderate Buy with an average price target of $231.24.

Alps Advisors Inc. raised its stake in RTX Corporation (NYSE:RTX - Free Report) by 29.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,683 shares of the company's stock after buying an additional 9,430 shares during the period. Alps Advisors Inc.'s holdings in RTX were worth $7,738,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Montz Harcus Wealth Management LLC increased its holdings in shares of RTX by 3.2% during the second quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company's stock worth $311,000 after buying an additional 51 shares in the last quarter. IMG Wealth Management Inc. raised its position in RTX by 5.7% in the third quarter. IMG Wealth Management Inc. now owns 958 shares of the company's stock valued at $178,000 after purchasing an additional 52 shares during the last quarter. Safeguard Investment Advisory Group LLC boosted its stake in shares of RTX by 2.4% during the second quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company's stock valued at $430,000 after purchasing an additional 53 shares in the last quarter. Global View Capital Management LLC boosted its stake in shares of RTX by 4.0% during the third quarter. Global View Capital Management LLC now owns 1,373 shares of the company's stock valued at $255,000 after purchasing an additional 53 shares in the last quarter. Finally, Investment Research Partners LLC boosted its stake in shares of RTX by 2.3% during the third quarter. Investment Research Partners LLC now owns 2,502 shares of the company's stock valued at $464,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 9,071 shares of the business's stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $201.70, for a total value of $1,829,620.70. Following the transaction, the executive vice president directly owned 16,930 shares of the company's stock, valued at $3,414,781. The trade was a 34.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company's stock.

RTX Stock Performance

NYSE:RTX opened at $189.59 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The company has a 50 day simple moving average of $193.46 and a two-hundred day simple moving average of $195.52. The company has a market capitalization of $255.84 billion, a PE ratio of 30.78, a P/E/G ratio of 2.11 and a beta of 0.30.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same period in the prior year, the firm posted $1.70 EPS. The company's quarterly revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that RTX Corporation will post 7.68 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be issued a $0.73 dividend. The ex-dividend date is Friday, November 20th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX's payout ratio is presently 47.40%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: A report highlights RTX’s substantial order base and investment in expanding production capacity. It cites a $340 billion backlog, third-quarter sales of about $25 billion, and a higher 2026 free-cash-flow outlook of $9 billion to $9.2 billion. These figures suggest demand could support growth, though execution and contract economics remain important. America’s Military Rebuild Starts With a Manufacturing Problem
• Positive Sentiment: Defense-industry earnings point to continuing demand for conventional weapons as well as drones and advanced defense systems. That broader rearmament trend could benefit RTX, which supplies air-defense systems and related equipment, although the report does not discuss RTX specifically. Tanks or drones? Defense earnings reveal a more complicated rearmament boom
• Negative Sentiment: Political uncertainty is pressuring defense-sector shares: a report says the midterm election results put a proposed $1.5 trillion defense spending request in doubt. If spending plans stall or shrink, investors may reassess future growth for contractors such as RTX. Defense Stocks Sank as Democrats Took Congress and the $1.5 Trillion Budget Looks Doomed
• Negative Sentiment: One report attributed RTX share weakness to insider selling, which can concern investors about near-term sentiment. The provided article details do not specify the seller or the size of the insider transaction. RTX Shares Down 2.7% After Insider Selling
• Negative Sentiment: ETFs sold about $39 million of RTX shares on Nov. 4. This may add near-term selling pressure, though ETF flows alone do not indicate a change in the company’s fundamentals. RTX Sees $39.0 Million in Net ETF Selling

Wall Street Analysts Forecast Growth

RTX has been the topic of several research reports. The Goldman Sachs Group boosted their price target on RTX from $195.00 to $206.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. DA Davidson raised their price objective on shares of RTX from $192.00 to $219.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Robert W. Baird set a $240.00 price objective on shares of RTX in a report on Friday, July 24th. Jefferies Financial Group set a $250.00 target price on shares of RTX and gave the stock a "buy" rating in a research report on Sunday, July 26th. Finally, UBS Group boosted their target price on shares of RTX from $209.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and an average price target of $231.24.

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.

Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.