NEOS Investment Management LLC Has $41.23 Million Position in RTX Corporation $RTX

NEOS Investment Management LLC boosted its stake in shares of RTX Corporation (NYSE:RTX) by 10.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,334 shares of the company’s stock after acquiring an additional 21,392 shares during the period. NEOS Investment Management LLC’s holdings in RTX were worth $41,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navalign LLC acquired a new stake in shares of RTX during the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new position in RTX in the fourth quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new position in RTX in the fourth quarter valued at about $31,000. 1 North Wealth Services LLC lifted its position in RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares during the period. Finally, Evergreen Advisors LLC bought a new stake in RTX during the first quarter worth about $31,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Collins Aerospace subsidiary won an approximately $42.5 million sole-source U.S. Navy contract for navigation and air-traffic coordination systems running through August 2031. The award adds to the company’s recently secured, roughly $22.9 billion, seven-year Tomahawk missile contract and reinforces exposure to long-term naval modernization. RTX’s total backlog is approximately $289 billion, including $119 billion in defense. Defense Stocks Are Pulling Back as Their Navy Tailwinds Get Stronger
• Positive Sentiment: Wall Street commentary remains constructive, citing RTX’s defense demand, rising earnings estimates and recent outperformance versus the aerospace and defense industry. The company’s latest quarterly report also showed strong execution, with earnings and revenue exceeding consensus expectations and revenue growing 14.5% year over year. Wall Street Bulls Look Optimistic About RTX
• Positive Sentiment: A valuation review found RTX potentially undervalued on discounted cash flow, while its earnings multiple appears closer to fair value. This provides a possible fundamental support level if defense and aerospace contract growth continues. RTX Stock Looks Below Fair Value on Cash Flow
• Neutral Sentiment: RTX trades at about 35.5 times earnings, with shares below the 50-day moving average but above the 200-day average. The setup suggests recent consolidation rather than a clear change in the long-term trend.
• Negative Sentiment: The stock’s premium valuation could limit additional upside and leaves less room for execution disappointments. Recent sector weakness and reported insider selling also add near-term caution, although neither necessarily signals deteriorating fundamentals. RTX Outperforms Industry in the Past 6 Months

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction on 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 in the company, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy Brunk sold 8,557 shares of the firm’s 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 sale, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, 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 stock opened at $201.80 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The stock has a market cap of $271.98 billion, a PE ratio of 35.53, a P/E/G ratio of 2.59 and a beta of 0.29. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The business’s 50-day moving average price is $207.66 and its two-hundred day moving average price is $196.10.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. The business had revenue of $24.71 billion during 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%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, analysts expect that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th were issued a dividend of $0.73 per share. The ex-dividend date was Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. RTX’s dividend payout ratio is 51.41%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RTX shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $238.00 target price on shares of RTX in a report on Monday, July 27th. Jefferies Financial Group set a $250.00 price target on shares of RTX in a report on Sunday, July 26th. Wells Fargo & Company increased their price target on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Sanford C. Bernstein lifted their price objective on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Finally, Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.