Corient Private Wealth LP raised its stake in RTX Corporation (NYSE:RTX – Free Report) by 3,278.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,707,939 shares of the company’s stock after acquiring an additional 1,657,385 shares during the quarter. Corient Private Wealth LP owned approximately 0.13% of RTX worth $324,047,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of RTX. Perennial Investment Advisors LLC grew its stake in shares of RTX by 12.2% during the 2nd quarter. Perennial Investment Advisors LLC now owns 5,327 shares of the company’s stock worth $1,011,000 after purchasing an additional 581 shares during the period. PointState Capital LP acquired a new position in shares of RTX in the 2nd quarter valued at $282,962,000. Ausdal Financial Partners Inc. lifted its stake in shares of RTX by 12.5% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 28,360 shares of the company’s stock valued at $5,381,000 after purchasing an additional 3,149 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in RTX during the second quarter worth $316,000. Finally, Windsor Advisory Group LLC purchased a new stake in RTX during the second quarter worth $387,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Insiders Place Their Bets
In other news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX 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 completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 29,222 shares of company stock worth $6,362,003. Corporate insiders own 0.10% of the company’s stock.
RTX Stock Performance
RTX (NYSE:RTX – Get Free Report) last announced its 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 net margin of 8.28% and a return on equity of 13.99%. The business had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same quarter last year, the business earned $1.56 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. 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 Announces Dividend
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 issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s payout ratio is presently 51.41%.
Key Stories Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon, RTX’s defense unit, received a $22.9 billion U.S. military contract to accelerate Tomahawk missile production. The award supports multiyear revenue visibility and reflects the need to replenish depleted U.S. and allied stockpiles. Raytheon’s Missile Windfall: What the Navy’s Record Tomahawk Order Means for RTX Corporation
- Positive Sentiment: Recent analyst commentary highlights a 22% backlog increase to approximately $289 billion, strong defense demand and improving free cash flow. RTX’s latest quarterly results also showed revenue growth, earnings that exceeded expectations and particularly strong performance from Raytheon. RTX Stock Will Keep Rewarding Patient Investors
- Positive Sentiment: Collins Aerospace completed altitude testing of its Enhanced Power and Cooling System for the F-35. Successful testing advances a next-generation system that could support future F-35 upgrades and related aerospace revenue. Why Is RTX Testing Progress Important for Its Next Generation Defense Systems?
- Neutral Sentiment: RTX’s Blue Canyon Technologies introduced a new spacecraft mission-enablement product. The announcement reinforces RTX’s broader space and defense capabilities, although the near-term financial impact was not disclosed. RTX’s Blue Canyon Technologies Introduces New Spacecraft Mission Enabler
- Negative Sentiment: One analyst downgraded RTX, citing its premium valuation alongside rising commercial aerospace maintenance costs. The concerns are important because the stock trades at a high earnings multiple, leaving less room for execution setbacks. RTX Corporation: More Missiles and Higher Commercial Maintenance Trigger Premium Price Tag
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on RTX shares. Weiss Ratings cut shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. UBS Group increased their target price on shares of RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Robert W. Baird set a $240.00 target price on RTX in a research report on Friday, July 24th. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Argus set a $245.00 price target on RTX in a report on Thursday, July 30th. 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 given a Sell rating to the stock. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $228.59.
Check Out Our Latest Research Report on RTX
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.
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