First Bancorp Inc ME Buys New Stake in RTX Corporation $RTX

First Bancorp Inc ME purchased a new position in shares of RTX Corporation (NYSE:RTX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,077 shares of the company’s stock, valued at approximately $1,153,000.

Other hedge funds also recently added to or reduced their stakes in the company. Navalign LLC purchased a new stake in shares of RTX during the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in RTX in the fourth quarter valued at approximately $26,000. Core Wealth Advisors LLC acquired a new stake in RTX in the fourth quarter valued at approximately $31,000. 1 North Wealth Services LLC raised its stake in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares during the period. Finally, Evergreen Advisors LLC acquired a new position in shares of RTX during the first quarter worth $31,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RTX shares. Robert W. Baird set a $240.00 price target on shares of RTX in a report on Friday, July 24th. TD Cowen boosted their price objective on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Susquehanna raised their target price on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company boosted their price target on RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. One investment 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. According to MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $228.59.

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 4,760 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the completion of the sale, the vice president owned 22,349 shares in the company, valued at $4,774,193.38. The trade was a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 8,557 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the sale, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,222 shares of company stock valued at $6,362,003 over the last 90 days. 0.10% of the stock is owned by company insiders.

RTX Stock Performance

Shares of RTX stock opened at $210.32 on Wednesday. The stock has a market capitalization of $283.47 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 2.49 and a beta of 0.29. RTX Corporation has a one year low of $150.61 and a one year high of $226.88. The company’s 50-day simple moving average is $204.72 and its 200-day simple moving average is $195.62. 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) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same period in the previous year, the company earned $1.56 earnings per share. RTX’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. Equities analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 yield of 1.4%. RTX’s dividend payout ratio (DPR) is 51.41%.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Collins Aerospace completes F-35 altitude testing: RTX’s Collins Aerospace successfully completed high-altitude testing of its Enhanced Power and Cooling System (EPACS), validating performance in conditions relevant to real-world F-35 operations. The system is designed to provide greater cooling capacity for advanced mission systems, supporting future F-35 upgrades and potentially other defense and commercial aircraft programs. The milestone reinforces RTX’s technology position, although it is not expected to create an immediate material revenue impact. RTX Collins Aerospace EPACS completes altitude testing
• Positive Sentiment: RTX remains a strong aerospace and defense performer: Recent comparisons of RTX with L3Harris, GE Aerospace and Boeing highlight its momentum, growth outlook, return on invested capital and exposure to commercial aerospace recovery and defense demand. The favorable sector positioning may be supporting investor interest in RTX. RTX versus L3Harris aerospace momentum comparison
• Neutral Sentiment: NVIDIA “RTX” coverage is unrelated to RTX Corporation: Reports on DLSS 4.5, RTX Remix, RTX Spark laptops, GeForce graphics cards and gaming PCs concern NVIDIA’s product ecosystem. They do not represent announcements, sales or competitive developments for NYSE:RTX and should not be treated as direct catalysts for RTX Corporation’s stock.

RTX 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.