NEOS Investment Management LLC Has $41.23 Million Stock Position in RTX Corporation $RTX

NEOS Investment Management LLC lifted its stake in shares of RTX Corporation (NYSE:RTX) by 10.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 217,334 shares of the company’s stock after purchasing an additional 21,392 shares during the period. NEOS Investment Management LLC’s holdings in RTX were worth $41,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Navalign LLC acquired a new position in RTX during the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of RTX during the 4th quarter worth about $26,000. Core Wealth Advisors LLC bought a new stake in shares of RTX in the 4th quarter valued at about $31,000. 1 North Wealth Services LLC raised its holdings in shares of RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares during the period. Finally, Evergreen Advisors LLC acquired a new stake in RTX in the 1st quarter valued at about $31,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Up 0.5%

Shares of RTX opened at $201.80 on Friday. The firm has a market cap of $271.98 billion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 2.59 and a beta of 0.29. 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 Corporation has a 52 week low of $150.61 and a 52 week high of $226.88. The firm’s 50-day simple moving average is $207.66 and its 200 day simple moving average is $196.10.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same period last year, the business posted $1.56 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, analysts forecast that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared 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. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. RTX’s dividend payout ratio (DPR) is presently 51.41%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RTX shares. Jefferies Financial Group set a $250.00 price target on RTX in a report on Sunday, July 26th. Robert W. Baird set a $240.00 price objective on RTX in a research report on Friday, July 24th. Royal Bank Of Canada boosted their target price on RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. UBS Group increased their price target on RTX from $198.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $228.59.

Insider Activity at RTX

In related news, insider Troy Brunk sold 8,557 shares of the business’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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. The trade was a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 29,222 shares of company stock worth $6,362,003 in the last ninety days. 0.10% of the stock is owned by company insiders.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Collins Aerospace subsidiary won an approximately $42.5 million sole-source U.S. Navy contract for navigation and air-traffic coordination systems running through August 2031. The award adds to the company’s recently secured, roughly $22.9 billion, seven-year Tomahawk missile contract and reinforces exposure to long-term naval modernization. RTX’s total backlog is approximately $289 billion, including $119 billion in defense. Defense Stocks Are Pulling Back as Their Navy Tailwinds Get Stronger
• Positive Sentiment: Wall Street commentary remains constructive, citing RTX’s defense demand, rising earnings estimates and recent outperformance versus the aerospace and defense industry. The company’s latest quarterly report also showed strong execution, with earnings and revenue exceeding consensus expectations and revenue growing 14.5% year over year. Wall Street Bulls Look Optimistic About RTX
• Positive Sentiment: A valuation review found RTX potentially undervalued on discounted cash flow, while its earnings multiple appears closer to fair value. This provides a possible fundamental support level if defense and aerospace contract growth continues. RTX Stock Looks Below Fair Value on Cash Flow
• Neutral Sentiment: RTX trades at about 35.5 times earnings, with shares below the 50-day moving average but above the 200-day average. The setup suggests recent consolidation rather than a clear change in the long-term trend.
• Negative Sentiment: The stock’s premium valuation could limit additional upside and leaves less room for execution disappointments. Recent sector weakness and reported insider selling also add near-term caution, although neither necessarily signals deteriorating fundamentals. RTX Outperforms Industry in the Past 6 Months

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.