CenterBook Partners LP Makes New Investment in RTX Corporation $RTX

CenterBook Partners LP bought a new position in shares of RTX Corporation (NYSE:RTX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,892 shares of the company’s stock, valued at approximately $3,507,000.

Several other large investors also recently bought and sold shares of RTX. Pine Valley Investments Ltd Liability Co increased its stake in shares of RTX by 63.2% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company’s stock worth $6,535,000 after buying an additional 13,118 shares during the period. Rokos Capital Management LLP raised its holdings in RTX by 804.3% in the first quarter. Rokos Capital Management LLP now owns 556,152 shares of the company’s stock valued at $107,265,000 after acquiring an additional 494,652 shares in the last quarter. Legal & General Group Plc purchased a new position in RTX in the second quarter worth approximately $1,267,256,000. Eastern Bank lifted its stake in RTX by 112.0% in the third quarter. Eastern Bank now owns 177,392 shares of the company’s stock worth $32,933,000 after acquiring an additional 93,725 shares during the last quarter. Finally, Corient Private Wealth LP lifted its stake in RTX by 2,669.1% in the second quarter. Corient Private Wealth LP now owns 1,399,904 shares of the company’s stock worth $265,604,000 after acquiring an additional 1,349,350 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, EVP Dantaya M. Williams sold 9,071 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the sale, the executive vice president directly owned 16,930 shares of the company’s stock, valued at $3,414,781. The trade was a 34.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction 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 owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This represents a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

RTX Price Performance

RTX stock opened at $189.59 on Friday. The business has a 50 day moving average price of $193.46 and a 200 day moving average price of $195.52. The stock has a market cap of $255.84 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.11 and a beta of 0.30. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. Equities research analysts anticipate that RTX Corporation will post 7.68 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s payout ratio is currently 47.40%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group set a $250.00 price target on shares of RTX and gave the stock a “buy” rating in a report on Sunday, July 26th. Morgan Stanley restated an “overweight” rating and issued a $240.00 price objective (up from $220.00) on shares of RTX in a report on Friday, July 24th. UBS Group lifted their price objective on shares of RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. Finally, Rothschild & Co Redburn increased their target price on RTX from $180.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $231.24.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: A report highlights RTX’s substantial order base and investment in expanding production capacity. It cites a $340 billion backlog, third-quarter sales of about $25 billion, and a higher 2026 free-cash-flow outlook of $9 billion to $9.2 billion. These figures suggest demand could support growth, though execution and contract economics remain important. America’s Military Rebuild Starts With a Manufacturing Problem
• Positive Sentiment: Defense-industry earnings point to continuing demand for conventional weapons as well as drones and advanced defense systems. That broader rearmament trend could benefit RTX, which supplies air-defense systems and related equipment, although the report does not discuss RTX specifically. Tanks or drones? Defense earnings reveal a more complicated rearmament boom
• Negative Sentiment: Political uncertainty is pressuring defense-sector shares: a report says the midterm election results put a proposed $1.5 trillion defense spending request in doubt. If spending plans stall or shrink, investors may reassess future growth for contractors such as RTX. Defense Stocks Sank as Democrats Took Congress and the $1.5 Trillion Budget Looks Doomed
• Negative Sentiment: One report attributed RTX share weakness to insider selling, which can concern investors about near-term sentiment. The provided article details do not specify the seller or the size of the insider transaction. RTX Shares Down 2.7% After Insider Selling
• Negative Sentiment: ETFs sold about $39 million of RTX shares on Nov. 4. This may add near-term selling pressure, though ETF flows alone do not indicate a change in the company’s fundamentals. RTX Sees $39.0 Million in Net ETF Selling

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.

Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.