Oppenheimer & Co. Inc. Buys 5,357 Shares of RTX Corporation $RTX

Oppenheimer & Co. Inc. raised its stake in shares of RTX Corporation (NYSE:RTX) by 2.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 191,551 shares of the company’s stock after acquiring an additional 5,357 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in RTX were worth $35,561,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. BlackRock Inc. bought a new position in RTX during the 2nd quarter valued at about $20,970,571,000. State Street Corp boosted its position in RTX by 3.1% in the second quarter. State Street Corp now owns 95,417,318 shares of the company’s stock valued at $18,103,528,000 after buying an additional 2,828,056 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in RTX by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock valued at $1,649,501,000 after buying an additional 411,356 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in RTX by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company’s stock worth $1,475,296,000 after buying an additional 95,726 shares during the last quarter. Finally, Amundi grew its stake in RTX by 4.0% during the second quarter. Amundi now owns 7,768,207 shares of the company’s stock worth $1,473,862,000 after buying an additional 295,964 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 3.4%

Shares of NYSE RTX opened at $197.45 on Tuesday. The firm’s 50-day simple moving average is $196.62 and its 200 day simple moving average is $195.37. The company has a market cap of $266.45 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.31. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. RTX Corporation has a 12-month low of $166.74 and a 12-month high of $226.88.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 EPS. On average, research analysts expect that RTX Corporation will post 7.57 earnings per share for the current fiscal year.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is being positioned as a leading beneficiary of rising global defense spending. One analysis cited a 4.57x defense book-to-bill ratio and 36% year-over-year backlog growth, supporting stronger long-term revenue visibility and capacity investment. My Favorite Way To Cash In On A $740 Billion Defense Boom
• Positive Sentiment: Analyst comparisons with General Dynamics suggest RTX has meaningful upside potential from defense-budget expansion, contract wins and its diversified aerospace and defense operations, although valuation remains an important consideration. RTX vs. GD: Which Defense Stock Has Greater Upside Potential?
• Positive Sentiment: Recent investment coverage highlighted RTX among companies reporting strong quarterly results, citing a backlog of approximately $340 billion. This reinforces expectations for sustained demand across commercial aerospace and defense. Zacks Investment Ideas feature highlights: Valero Energy, RTX and Interactive Brokers
• Positive Sentiment: RTX’s latest reported quarter showed adjusted earnings of $2.26 per share versus a $1.78 consensus estimate, while revenue reached $24.97 billion, up 11.1% year over year and above expectations. The results support the current bullish sentiment.
• Neutral Sentiment: Several of the other headlines concern NVIDIA’s GeForce RTX graphics cards, RTX 5090 supply, RTX Spark laptops and GPU firmware. Those products belong to NVIDIA, not RTX Corporation, and therefore have no direct effect on RTX stock.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RTX shares. Susquehanna raised their price objective on shares of RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a report on Friday, July 24th. BNP Paribas Exane boosted their target price on RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. TD Cowen dropped their price target on RTX from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, October 9th. Finally, DA Davidson raised their price target on RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $228.32.

About RTX

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.