Engineers Gate Manager LP Buys 85,686 Shares of RTX Corporation $RTX

Engineers Gate Manager LP grew its stake in shares of RTX Corporation (NYSE:RTX) by 978.6% during the second quarter, Holdings Channel reports. The institutional investor owned 94,442 shares of the company’s stock after buying an additional 85,686 shares during the period. Engineers Gate Manager LP’s holdings in RTX were worth $17,918,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its stake in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the period. United Bank lifted its holdings in RTX by 68.0% in the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after purchasing an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in RTX by 3.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after purchasing an additional 623 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in RTX during the 2nd quarter valued at approximately $5,157,000. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction that occurred 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 transaction, the vice president owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the firm’s 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 transaction, the insider owned 8,809 shares in the company, valued at $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,222 shares of company stock worth $6,362,003 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen upped their target price 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. Robert W. Baird set a $240.00 price target on shares of RTX in a research note 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. Finally, Jefferies Financial Group set a $250.00 price objective on RTX in a research note on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.

More RTX News

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 supports fleet readiness, strengthening RTX’s defense backlog and providing additional visibility for its Collins Aerospace business. Can Chinook Modernization Strengthen RTX’s Defense Growth?
• Neutral Sentiment: Several reports discuss NVIDIA’s potential new GeForce RTX 5070 variant, RTX 50-series pricing, DLSS frame-generation technology being enabled on older RTX 30-series cards, and RTX-powered laptops. These developments may affect NVIDIA’s graphics business and broader gaming-hardware demand, but they are not direct catalysts for RTX Corporation. Modders Unlock DLSS Multi Frame Generation For RTX 30-Series GPUs
• Neutral Sentiment: Reports on RTX-branded gaming laptops, HP systems using NVIDIA RTX technology, and a Chinese mini-PC featuring a mobile RTX 5090 indicate continued consumer interest in AI and gaming hardware. However, the products belong to NVIDIA and its hardware partners rather than RTX Corporation’s aerospace and defense operations. HP Launches OmniBook Products With NVIDIA RTX Spark
• Negative Sentiment: A report about a service center disposing of an RTX 4090 after a repair dispute could raise concerns about customer service for a particular NVIDIA graphics-card seller, but it does not appear financially material to RTX Corporation. Service Center Disposes of RTX 4090 After Repair Dispute

RTX Stock Performance

Shares of RTX stock opened at $197.66 on Thursday. 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’s fifty day moving average is $208.49 and its two-hundred day moving average is $195.99. RTX Corporation has a 52 week low of $151.65 and a 52 week high of $226.88. The company has a market capitalization of $266.39 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 2.56 and a beta of 0.29.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $1.56 earnings per share. 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 year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors 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 dividend on an annualized basis and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is presently 51.41%.

RTX Profile

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.