Ramsaran Maharajh Sells 13,655 Shares of RTX (NYSE:RTX) Stock

RTX Corporation (NYSE:RTX) EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

RTX Price Performance

Shares of NYSE RTX traded down $5.01 during trading hours on Wednesday, hitting $220.48. 5,976,326 shares of the stock were exchanged, compared to its average volume of 5,648,113. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The company has a market cap of $297.16 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 2.65 and a beta of 0.29. The company’s fifty day simple moving average is $201.77 and its two-hundred day simple moving average is $195.20.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $22.89 billion. During the same quarter in the prior year, the business posted $1.56 EPS. The firm’s 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, sell-side analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

The company also recently declared 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 1.3%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio (DPR) is currently 51.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Jefferies Financial Group set a $250.00 price objective on shares of RTX in a research report on Sunday, July 26th. Morgan Stanley reissued an “overweight” rating and issued a $240.00 target price on shares of RTX in a research note on Friday, July 24th. Finally, Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $228.59.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense unit, won a reported $22.9 billion, seven-year U.S. Navy Tomahawk contract. The agreement is expected to increase production from roughly 60 missiles annually to more than 1,000, improving long-term revenue visibility and supporting RTX’s defense backlog. RTX Stock Gets a Radar Lock on a $23B Navy Win
• Positive Sentiment: The contract adds to recently strong fundamentals: RTX exceeded second-quarter earnings and revenue estimates, raised its full-year outlook, and continues to benefit from defense spending and commercial aerospace demand. RTX Lands $22.9 Billion Tomahawk Deal
• Positive Sentiment: A new industry report projects continued growth in commercial aircraft inflight-entertainment and connectivity systems, including opportunities from Asia-Pacific fleet expansion, narrowbody aircraft and premium-cabin retrofits. RTX is identified as a key market participant. Commercial Aircraft Inflight Entertainment and Connectivity Systems Market Report
• Neutral Sentiment: Analyst coverage presents RTX as a high-quality aerospace and defense company, but comparisons with Embraer and other industrial stocks suggest investors may find better value elsewhere. EMBJ or RTX: Which Is the Better Value Stock Right Now?
• Negative Sentiment: RTX shares trade near their 52-week high at a valuation of roughly 39 times earnings. Commentary notes that the stock has lagged the broader market over the past six months, while some investors question whether the strong defense news is already priced in. 2 Reasons to Like RTX and 1 to Stay Skeptical

Institutional Trading of RTX

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after acquiring an additional 2,210,950 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of RTX in the second quarter valued at approximately $20,970,571,000. State Street Corp lifted its position in RTX by 0.7% during the fourth quarter. State Street Corp now owns 91,884,588 shares of the company’s stock worth $16,851,633,000 after purchasing an additional 630,558 shares during the period. Morgan Stanley lifted its stake in shares of RTX by 0.4% in the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock worth $5,462,310,000 after acquiring an additional 105,069 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of RTX by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock valued at $3,998,155,000 after purchasing an additional 625,994 shares in the last quarter. 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.