RTX Corporation $RTX Stock: NTV Asset Management LLC Grows Stake

Key Points

• NTV Asset Management increased its RTX stake by 43.3% in the third quarter, bringing its holdings to 25,500 shares valued at approximately $4.7 million. Institutional investors and hedge funds collectively own 86.5% of RTX.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $227.12 price target. Recent targets range from $206 to $245, though TD Cowen lowered its target to $225.
• RTX reported stronger-than-expected quarterly results, with EPS of $2.26 versus a $1.78 estimate and revenue of $24.96 billion, up 11.1% year over year. Raytheon also secured a $350 million U.S. Air Force contract, supporting future defense revenue visibility.

NTV Asset Management LLC raised its stake in RTX Corporation (NYSE:RTX - Free Report) by 43.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,500 shares of the company's stock after buying an additional 7,707 shares during the quarter. NTV Asset Management LLC's holdings in RTX were worth $4,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Evergreen Advisors LLC bought a new stake in shares of RTX in the 1st quarter valued at about $31,000. Signature Resources Capital Management LLC boosted its stake in RTX by 111.5% during the 1st quarter. Signature Resources Capital Management LLC now owns 184 shares of the company's stock worth $36,000 after acquiring an additional 97 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in RTX during the 2nd quarter worth approximately $36,000. Networth Advisors LLC acquired a new position in RTX during the first quarter valued at approximately $40,000. Finally, Groupe la Francaise grew its holdings in RTX by 50.9% during the second quarter. Groupe la Francaise now owns 261 shares of the company's stock valued at $45,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. Robert W. Baird set a $240.00 target price on shares of RTX in a research note on Friday, July 24th. TD Cowen reduced their price target on shares of RTX from $240.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. The Goldman Sachs Group boosted their price target on shares of RTX from $195.00 to $206.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Argus set a $245.00 price objective on shares of RTX and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Barclays raised their price objective on RTX from $223.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $227.12.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, secured a $350 million U.S. Air Force contract modification, reinforcing defense backlog visibility and supporting future revenue. RTX's Raytheon Secures $350 Million US Air Force Contract Modification
• Positive Sentiment: Erste Group Bank raised its RTX EPS forecasts to $7.30 for fiscal 2026 and $7.90 for fiscal 2027, citing improving expectations. The 2027 estimate is above the current consensus of $7.72. Erste Group Bank RTX earnings estimates
• Positive Sentiment: Analyst commentary continues to point to record third-quarter results, strong backlogs, aircraft production growth and resilient demand for replacement parts, repairs, engines and avionics. RTX’s latest reported quarter also exceeded earnings and revenue expectations. Are RTX Corporation and Northrop Grumman Ready to Break Out?
• Positive Sentiment: Collins Aerospace plans a 2027 radio-altimeter upgrade for business aircraft to meet new FAA standards and improve resilience to 5G interference. The program could generate recurring upgrade and service demand without requiring full avionics replacements. What Does RTX Altimeter Upgrade Push Mean For Business Aviation?
• Neutral Sentiment: Several articles concern NVIDIA GeForce RTX graphics cards, stolen GPUs and gaming products. Those stories are unrelated to RTX Corporation and should not be treated as catalysts for RTX stock.

Insider Activity at RTX

In related news, 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 value of $488,092.50. Following the sale, the vice president directly owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business'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 sale, 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. 0.10% of the stock is owned by corporate insiders.

RTX Price Performance

Shares of RTX opened at $191.10 on Friday. The stock has a 50 day simple moving average of $196.68 and a 200 day simple moving average of $193.62. RTX Corporation has a 52-week low of $166.74 and a 52-week high of $226.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.05. The firm has a market capitalization of $257.88 billion, a PE ratio of 31.02, a P/E/G ratio of 2.32 and a beta of 0.31.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The firm had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. During the same period last year, the company posted $1.70 EPS. The business's quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts predict that RTX Corporation will post 7.57 EPS for the current fiscal year.

RTX Company Profile

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.

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