HBK Sorce Advisory LLC Invests $9.54 Million in RTX Corporation $RTX

HBK Sorce Advisory LLC bought a new position in shares of RTX Corporation (NYSE:RTX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 42,897 shares of the company’s stock, valued at approximately $9,536,000.

A number of other large investors have also added to or reduced their stakes in the business. Abbot Financial Management Inc. acquired a new stake in RTX during the 2nd quarter valued at $2,210,000. Tulsa Wealth Advisors INC bought a new position in RTX during the second quarter worth $331,000. OMC Financial Services LTD acquired a new position in shares of RTX in the second quarter valued at $2,642,000. German American Bancorp Inc. acquired a new position in shares of RTX in the second quarter valued at $13,299,000. Finally, Northstar Financial Companies Inc. bought a new position in shares of RTX in the second quarter valued at about $1,386,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.0%

RTX stock opened at $222.88 on Monday. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. The company has a market capitalization of $300.38 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.29. The company’s 50-day simple moving average is $200.02 and its 200 day simple moving average is $194.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01.

RTX (NYSE:RTX) last issued its quarterly earnings data 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 analysts’ expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is currently 51.41%.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction that occurred 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. The trade was a 49.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the sale, the vice president directly owned 20,099 shares in the company, valued at $4,360,076.07. This represents a 10.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 15,567 shares of company stock valued at $3,304,375. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

RTX has been the subject of a number of research reports. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Sanford C. Bernstein increased their price target on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Morgan Stanley restated an “overweight” rating and set a $240.00 price objective on shares of RTX in a report on Friday, July 24th. Finally, Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $228.59.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
• Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
• Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
• Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
• Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract

RTX Profile

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.