RTX Corporation $RTX Shares Acquired by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lifted its holdings in shares of RTX Corporation (NYSE:RTX) by 1.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 198,332 shares of the company’s stock after acquiring an additional 2,670 shares during the period. RTX makes up approximately 2.1% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 12th largest holding. Franklin Street Advisors Inc. NC’s holdings in RTX were worth $37,629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RTX. Alpha Cubed Investments LLC increased its stake in RTX by 0.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after purchasing an additional 50 shares in the last quarter. Schulhoff & Co. Inc. lifted its stake in shares of RTX by 1.7% during the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after buying an additional 52 shares during the period. Purus Wealth Management LLC lifted its stake in shares of RTX by 0.4% during the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock worth $2,700,000 after buying an additional 53 shares during the period. Sunbeam Capital Management LLC grew its holdings in shares of RTX by 1.6% during the fourth quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company’s stock valued at $620,000 after buying an additional 53 shares during the last quarter. Finally, Sequent Planning LLC grew its holdings in shares of RTX by 1.6% during the fourth quarter. Sequent Planning LLC now owns 3,364 shares of the company’s stock valued at $617,000 after buying an additional 54 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense subsidiary, installed the first SPY-6(V)4 radar array at the U.S. Navy’s Wallops Island test site. The milestone begins testing for a program intended to modernize aging Flight IIA destroyers. Successful testing and subsequent fleet adoption could support RTX’s defense backlog and long-term revenue visibility. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Market coverage continues to characterize RTX as a strong momentum stock following its recent share-price performance. That sentiment may attract momentum-focused investors, though the stock’s elevated valuation means continued execution is important. What Makes RTX a Strong Momentum Stock

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction 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 completion of the transaction, the insider owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $213.62, for a total value of $1,016,831.20. Following the completion of the transaction, the vice president directly owned 22,349 shares of the company’s stock, valued at $4,774,193.38. The trade was a 17.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,567 shares of company stock valued at $3,304,375 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX stock opened at $223.03 on Monday. The stock has a market cap of $300.59 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 2.66 and a beta of 0.29. The firm has a fifty day moving average price of $195.40 and a 200 day moving average price of $193.93. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $225.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities research analysts predict that RTX Corporation will post 7.21 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is presently 51.41%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RTX. UBS Group raised their target price on RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Sanford C. Bernstein increased their price objective on RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Weiss Ratings raised RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Finally, Argus set a $245.00 target price on RTX in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $228.59.

RTX Company 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.