Silvant Capital Management LLC Buys New Stake in RTX Corporation $RTX

Key Points

• Silvant Capital Management bought 18,076 RTX shares worth approximately $3.43 million during the second quarter. Institutional investors collectively own 86.5% of the company.
• RTX reported stronger-than-expected quarterly results, with adjusted EPS of $1.89 and revenue of $24.71 billion, while Raytheon secured a roughly $22.9 billion U.S. Navy Tomahawk missile contract.
• RTX shares trade near their 52-week high at about 37 times earnings; analysts maintain a “Moderate Buy” consensus with an average price target of $228.59, though recent insider selling and the elevated valuation could weigh on sentiment.

Silvant Capital Management LLC purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,076 shares of the company's stock, valued at approximately $3,430,000.

Several other hedge funds and other institutional investors have also modified their holdings of RTX. Vanguard Group Inc. boosted its holdings in RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company's stock valued at $22,922,464,000 after acquiring an additional 2,210,950 shares during the period. BlackRock Inc. purchased a new stake in RTX during the second quarter worth about $20,970,571,000. State Street Corp increased its stake in RTX by 0.7% during the fourth quarter. State Street Corp now owns 91,884,588 shares of the company's stock worth $16,851,633,000 after purchasing an additional 630,558 shares during the period. Morgan Stanley lifted its position in shares of RTX by 0.4% during the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company's stock worth $5,462,310,000 after purchasing an additional 105,069 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of RTX by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company's stock valued at $3,998,155,000 after purchasing an additional 625,994 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy contract for Tomahawk cruise missiles. The agreement is expected to support production of more than 1,000 missiles annually, strengthening RTX’s defense backlog, revenue visibility and long-term cash-flow prospects. Investors May Respond to RTX Winning a $22.9 Billion Tomahawk Deal
• Positive Sentiment: The contract complements RTX’s stronger-than-expected second-quarter results. Adjusted EPS was $1.89 versus the $1.66 consensus, revenue reached $24.71 billion—up 14.5% year over year—and management raised or reaffirmed fiscal 2026 EPS guidance at $7.10–$7.25 while continuing dividend growth. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Neutral Sentiment: Industry research projects growth in commercial aircraft inflight entertainment and connectivity, including Asia-Pacific fleet expansion and aircraft retrofits. RTX is listed as a participant, but the report does not identify a new contract or quantify a near-term financial benefit. Commercial Aircraft Inflight Entertainment and Connectivity Systems Market Report
• Neutral Sentiment: Articles concerning GeForce RTX graphics cards, path-traced GTA 4 and comparisons with the PlayStation 5 relate to NVIDIA’s gaming hardware, not RTX Corporation, and have no meaningful effect on NYSE: RTX.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by 50.88%. The sale may weigh on sentiment, although it does not by itself indicate weakening fundamentals. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades near its 52-week high at a relatively rich valuation—about 37 times earnings based on the supplied market data. After the defense-contract and earnings rally, elevated expectations leave the stock vulnerable to profit-taking, even though analysts retain a broadly positive consensus.

Insider Buying and Selling at RTX

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The stock was 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 of the company's stock, valued at $2,952,161.28. The trade was a 50.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 2,250 shares of the company's 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 transaction, the vice president directly owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. This represents a 10.07% decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 0.10% of the company's stock.

RTX Stock Down 3.5%

RTX stock opened at $212.62 on Friday. The company's 50 day moving average price is $203.20 and its 200 day moving average price is $195.42. The firm has a market capitalization of $286.56 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.62 and a beta of 0.29. RTX Corporation has a fifty-two week low of $150.61 and a fifty-two week high of $226.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping 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 company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The firm's quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts anticipate that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Dividend Announcement

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 issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX's dividend payout ratio is 51.41%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RTX shares. Sanford C. Bernstein lifted their price objective on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $238.00 price target on shares of RTX in a research report on Monday, July 27th. Robert W. Baird set a $240.00 price target on shares of RTX in a research note on Friday, July 24th. Argus set a $245.00 price objective on RTX in a research report on Thursday, July 30th. Finally, UBS Group lifted their target price on RTX from $198.00 to $215.00 and gave the company a "neutral" rating in a report on Friday, July 24th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $228.59.

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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