VIRGINIA RETIREMENT SYSTEMS ET Al Invests $8.54 Million in RTX Corporation $RTX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of RTX Corporation (NYSE:RTX) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 45,000 shares of the company’s stock, valued at approximately $8,538,000.

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

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total transaction of $488,092.50. Following the sale, the vice president owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 29,222 shares of company stock valued at $6,362,003 over the last quarter. 0.10% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of RTX opened at $198.77 on Wednesday. The firm has a market capitalization of $267.89 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.59 and a beta of 0.29. 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 Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. The company’s fifty day moving average price is $208.36 and its 200-day moving average price is $196.04.

RTX (NYSE:RTX) last issued its earnings results 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. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same quarter last year, the business posted $1.56 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 14th. RTX’s dividend payout ratio (DPR) is presently 51.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RTX. Robert W. Baird set a $240.00 price objective on shares of RTX in a research report on Friday, July 24th. Jefferies Financial Group set a $250.00 target price on shares of RTX in a research report on Sunday, July 26th. Susquehanna lifted their price target on shares of RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a report on Friday, July 24th. Argus set a $245.00 price target on RTX in a research report on Thursday, July 30th. Finally, Wells Fargo & Company increased their price objective on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $228.59.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX secured a $472 million contract to modernize the U.S. Army’s CH-47 Chinook helicopter fleet. The work includes avionics upgrades and support for fleet readiness, strengthening RTX’s defense backlog and providing additional visibility for its Collins Aerospace and defense operations. Can Chinook Modernization Strengthen RTX’s Defense Growth?
• Neutral Sentiment: The Chinook award supports RTX’s exposure to sustained U.S. defense spending and Army modernization. However, the contract appears incremental relative to RTX’s roughly $268 billion market capitalization, so investors may view it as a backlog and long-term growth positive rather than a major catalyst for current-year earnings. Can Chinook Modernization Strengthen RTX’s Defense Growth?

About RTX

RTX Corporation (NYSE:RTX) is an aerospace and defense company that develops and manufactures systems, products and services for commercial aviation, business aviation and government customers. Its offerings include aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, radar, air and missile defense systems, precision weapons and cybersecurity solutions.

The company operates through three principal businesses: Collins Aerospace, which provides aerospace systems and components; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance services; and Raytheon, which develops integrated defense systems, sensors, missiles and other mission technologies.