Transamerica Financial Advisors LLC trimmed its position in RTX Corporation (NYSE:RTX – Free Report) by 52.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,619 shares of the company’s stock after selling 4,002 shares during the period. Transamerica Financial Advisors LLC’s holdings in RTX were worth $687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Fortress Financial Group LLC purchased a new position in shares of RTX during the second quarter worth $358,000. Navalign LLC acquired a new position in shares of RTX during the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX in the 4th quarter valued at about $26,000. Evergreen Advisors LLC acquired a new position in shares of RTX during the first quarter valued at approximately $31,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of RTX during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Analysts Set New Price Targets
RTX has been the topic of a number of research reports. Citigroup restated a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Weiss Ratings upgraded shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Wells Fargo & Company raised their price target on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Robert W. Baird set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. One investment 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.
RTX Price Performance
RTX stock opened at $211.93 on Thursday. 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 company has a 50-day moving average price of $205.11 and a 200 day moving average price of $195.73. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $226.88. The stock has a market cap of $285.63 billion, a P/E ratio of 37.31, a PEG ratio of 2.50 and a beta of 0.29.
RTX (NYSE:RTX – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same period in the previous year, the business posted $1.56 EPS. RTX’s revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Sell-side analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.
RTX Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is presently 51.41%.
Insiders Place Their Bets
In related news, VP Kevin G. Dasilva sold 2,250 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the sale, the vice president directly owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. The trade was a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 29,222 shares of company stock valued at $6,362,003 over the last quarter. 0.10% of the stock is owned by insiders.
More RTX News
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
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.
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