RTX (NYSE:RTX) Trading Down 3.5% After Insider Selling

Key Points

• RTX shares fell 3.5% to about $212.62 after EVP Ramsaran Maharajh sold 13,655 shares worth approximately $3.06 million, reducing his direct holdings by 50.88%.
• Despite the selloff, RTX recently reported strong results, with quarterly EPS of $1.89 beating estimates and revenue rising 14.5% year over year to $24.71 billion. The company also issued fiscal 2026 EPS guidance of $7.10–$7.25.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $228.59 price target, while RTX’s roughly $22.9 billion U.S. Navy Tomahawk contract strengthens its long-term revenue visibility.

Shares of RTX Corporation (NYSE:RTX - Get Free Report) dropped 3.5% on Thursday after an insider sold shares in the company. The company traded as low as $212.16 and last traded at $212.62. 4,359,392 shares were traded during mid-day trading, a decline of 23% from the average session volume of 5,641,577 shares. The stock had previously closed at $220.35.

Specifically, EVP Ramsaran Maharajh sold 13,655 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RTX shares. Argus set a $245.00 target price on shares of RTX in a research note on Thursday, July 30th. Jefferies Financial Group set a $250.00 target price on RTX in a research report on Sunday, July 26th. Erste Group Bank lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Monday, April 27th. Wells Fargo & Company raised their price target on RTX from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Finally, Sanford C. Bernstein raised their price target on shares of RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit secured a roughly $22.9 billion, seven-year U.S. Navy contract to accelerate Tomahawk cruise missile production to more than 1,000 missiles annually. The award improves long-term revenue visibility, expands the defense backlog, and could support cash flow and margins as production scales. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Positive Sentiment: The contract complements RTX’s recent quarterly outperformance. Adjusted EPS of $1.89 exceeded the $1.66 consensus estimate, revenue rose 14.5% year over year to $24.71 billion, and fiscal 2026 EPS guidance was set at $7.10–$7.25. Continued dividend growth also supports the investment case. How Investors May Respond to RTX Winning a $22.9 Billion Tomahawk Deal
• Neutral Sentiment: Industry forecasts point to 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 specific contract or near-term financial benefit. Commercial Aircraft Inflight Entertainment and Connectivity Systems Market Report
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 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 business fundamentals. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX shares are trading near their 52-week high at a relatively demanding valuation, making the stock vulnerable to profit-taking or disappointment even after favorable contract and earnings news. Commentary also suggests some investors may prefer other industrial stocks with greater perceived upside. Two Industrial Stocks I’d Buy Before RTX

RTX Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a market cap of $286.56 billion, a PE ratio of 37.43, a PEG ratio of 2.68 and a beta of 0.29. The firm's 50 day simple moving average is $202.63 and its 200 day simple moving average is $195.34.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business earned $1.56 earnings per share. RTX's quarterly revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, research analysts forecast that RTX Corporation will post 7.22 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. Shareholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX's dividend payout ratio is presently 51.41%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after purchasing an additional 159 shares during the last quarter. United Bank boosted its position in RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company's stock valued at $1,490,000 after buying an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in shares of RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company's stock worth $3,052,000 after acquiring an additional 623 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in RTX during the 2nd quarter worth about $5,157,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

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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