RTX Corporation $RTX Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in shares of RTX Corporation (NYSE:RTX) by 62.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 669,162 shares of the company’s stock after selling 1,114,366 shares during the quarter. Assenagon Asset Management S.A.’s holdings in RTX were worth $126,960,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RTX. Navalign LLC bought a new stake in RTX in the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new position in RTX in the 4th quarter worth about $26,000. Core Wealth Advisors LLC bought a new position in RTX in the 4th quarter worth about $31,000. 1 North Wealth Services LLC increased its stake in shares of RTX by 456.7% in 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 stake in shares of RTX in the first quarter valued at approximately $31,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. TD Cowen lifted their target price on RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $240.00 price target on shares of RTX in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 4,760 shares of the firm’s stock in a transaction dated 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 transaction, the vice president owned 22,349 shares in the company, valued at approximately $4,774,193.38. This trade represents a 17.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 15,567 shares of company stock worth $3,304,375. 0.10% of the stock is owned by corporate insiders.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: SPY-6 radar milestone supports defense growth prospects. Raytheon installed the first SPY-6(V)4 radar array at the Navy’s Wallops Island test site. The system is part of the Flight IIA Arleigh Burke-class destroyer modernization program, and upcoming testing could determine the pace of fleet-wide upgrades. Successful testing would strengthen RTX’s position in naval radar and provide potential long-term program revenue. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Momentum-focused coverage remains favorable. Zacks and Yahoo Finance articles highlight RTX as a highly ranked momentum stock, reflecting its recent share-price strength, solid earnings execution and improving investor sentiment. However, these reports are largely screening-based rather than new fundamental catalysts. RTX Is a Top-Ranked Momentum Stock What Makes RTX a Strong Momentum Stock
• Neutral Sentiment: Valuation comparison provides context. A comparison with Lockheed Martin focuses on how investors are pricing two major defense contractors. It does not identify a material change in RTX’s outlook, but reinforces that valuation, backlog quality and execution will be important after the stock’s strong run. RTX vs. Lockheed Martin: How the Street Is Pricing Two Defense Giants
• Neutral Sentiment: Several RTX-branded GPU articles are unrelated to RTX Corporation. Stories about GeForce RTX 5090 pricing, driver crashes and gaming laptops concern NVIDIA’s graphics products, not RTX Corporation’s aerospace and defense business, and therefore should not affect the investment case for NYSE: RTX.

RTX Stock Performance

RTX opened at $223.18 on Friday. The business has a 50 day moving average price of $194.52 and a two-hundred day moving average price of $193.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The company has a market capitalization of $300.80 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 2.65 and a beta of 0.29. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $225.65.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) 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 company had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. During the same period last year, the firm earned $1.56 EPS. 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. Research analysts predict that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Dividend Announcement

The company 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 dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is presently 51.41%.

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.