Van ECK Associates Corp Trims Holdings in RTX Corporation $RTX

Van ECK Associates Corp reduced its stake in RTX Corporation (NYSE:RTX) by 43.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,396,092 shares of the company’s stock after selling 2,570,317 shares during the quarter. Van ECK Associates Corp’s holdings in RTX were worth $644,341,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Milestone Asset Management Group LLC increased its stake in shares of RTX by 34.7% in the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after acquiring an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in RTX during the fourth quarter worth $2,308,000. Truist Financial Corp grew its holdings in RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after purchasing an additional 53,045 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in RTX by 5.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company’s stock worth $39,054,000 after purchasing an additional 10,426 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in RTX by 206.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company’s stock valued at $32,711,000 after purchasing an additional 120,094 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a $22.9 billion, seven-year U.S. military contract to accelerate Tomahawk missile production from roughly 60 to 1,000 missiles annually. The award materially expands RTX’s backlog and visibility, while highlighting sustained demand to replenish U.S. and allied weapons inventories. Is RTX Undervalued As Its $22.9 Billion Missile Contract Expands Backlog?
• Positive Sentiment: Raytheon completed a $50 million expansion of its Forest, Mississippi, facility. The 17,000-square-foot addition is intended to increase production of electronic-warfare and radar systems and is expected to create 100 high-skilled jobs by 2028, supporting RTX’s ability to fulfill growing defense orders. RTX’s Raytheon Completes $50 Million Expansion of Mississippi Manufacturing Facility
• Positive Sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation for RTX. This provides continued analyst support following the company’s latest earnings beat, in which revenue rose 14.5% year over year and earnings exceeded consensus estimates. RTX Receives Consensus Recommendation of Moderate Buy
• Neutral Sentiment: Recent coverage comparing RTX with Rolls-Royce and the broader aerospace sector indicates that RTX has delivered strong performance this year, including an approximately 18% 90-day gain and 13% year-to-date increase. The comparison reinforces momentum but does not represent a new company catalyst. Are Aerospace Stocks Lagging RTX Corporation This Year?
• Neutral Sentiment: Most other articles concern NVIDIA’s GeForce RTX graphics cards, DLSS software, gaming PCs, or unrelated companies. Those reports do not materially affect RTX Corporation’s aerospace and defense operations or its stock.

RTX Stock Down 0.1%

RTX stock opened at $211.97 on Friday. The firm has a market capitalization of $285.68 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.52 and a beta of 0.29. The firm’s fifty day moving average price is $206.15 and its two-hundred day moving average price is $195.94. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping 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 company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The firm’s revenue for the quarter 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 predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is currently 51.41%.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’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 transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,222 shares of company stock valued at $6,362,003 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Sanford C. Bernstein boosted their target price on RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Finally, Robert W. Baird set a $240.00 price objective on RTX in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $228.59.

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.