Insider Selling: RTX (NYSE:RTX) EVP Sells 13,655 Shares

RTX Corporation (NYSE:RTX) EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated Tuesday, August 18th. The stock was 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 directly owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

RTX Price Performance

Shares of RTX stock traded down $5.01 during trading hours on Wednesday, reaching $220.48. The stock had a trading volume of 5,976,326 shares, compared to its average volume of 5,648,113. The stock’s 50 day moving average is $201.77 and its 200 day moving average is $195.20. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $297.16 billion, a PE ratio of 38.82, a PEG ratio of 2.65 and a beta of 0.29. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $226.88.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. RTX’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities analysts expect that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is 51.41%.

Key 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 Investors Weigh In On RTX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Field & Main Bank acquired a new stake in shares of RTX during the 2nd quarter worth $3,461,000. Archer Investment Corp bought a new position in RTX during the second quarter valued at approximately $965,000. Fox Hill Wealth Management boosted its stake in RTX by 12.0% during the second quarter. Fox Hill Wealth Management now owns 17,249 shares of the company’s stock valued at $3,273,000 after buying an additional 1,842 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in RTX by 3.7% during the second quarter. Kingsview Wealth Management LLC now owns 48,082 shares of the company’s stock valued at $9,123,000 after buying an additional 1,699 shares during the period. Finally, Beacon Pointe Advisors LLC raised its stake in shares of RTX by 3.9% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 219,131 shares of the company’s stock valued at $41,576,000 after buying an additional 8,313 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RTX shares. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada raised their target price on shares of RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Jefferies Financial Group set a $250.00 target price on shares of RTX in a research note on Sunday, July 26th. UBS Group upped their price target on RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, TD Cowen lifted their price objective on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.