Wallace Capital Management Inc. Acquires New Position in RTX Corporation $RTX

Wallace Capital Management Inc. bought a new position in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,975 shares of the company’s stock, valued at approximately $564,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Navalign LLC acquired a new stake in shares of RTX in the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX in the 4th quarter valued at approximately $26,000. Core Wealth Advisors LLC acquired a new position in RTX during the fourth quarter worth $31,000. 1 North Wealth Services LLC increased its position in shares of RTX by 456.7% in 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 in the last quarter. Finally, Evergreen Advisors LLC purchased a new position in shares of RTX in the first quarter valued at $31,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE RTX opened at $211.93 on Thursday. 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 firm has a market capitalization of $285.63 billion, a P/E ratio of 37.31, a P/E/G ratio of 2.50 and a beta of 0.29. The business’s 50-day simple moving average is $205.11 and its 200-day simple moving average is $195.73.

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 firm 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%. RTX’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

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

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 8,557 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the transaction, the vice president directly owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 29,222 shares of company stock valued at $6,362,003. Company insiders own 0.10% of the company’s stock.

RTX News Roundup

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

Several equities research analysts recently commented on the stock. TD Cowen boosted 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. Wells Fargo & Company raised their target price on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $238.00 target price on shares of RTX in a research report on Monday, July 27th. Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Finally, Morgan Stanley reissued an “overweight” rating and set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $228.59.

About RTX

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.