Longfellow Investment Management Co. LLC Purchases Shares of 10,057 RTX Corporation $RTX

Longfellow Investment Management Co. LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,057 shares of the company’s stock, valued at approximately $1,908,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Old West Investment Management LLC acquired a new stake in RTX in the 2nd quarter valued at $296,000. Chase Investment Counsel Corp acquired a new position in shares of RTX during the second quarter valued at about $213,000. RW Investment Management LLC bought a new stake in shares of RTX during the second quarter worth about $699,000. N.E.W. Advisory Services LLC bought a new stake in shares of RTX during the second quarter worth about $1,061,000. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of RTX in the 2nd quarter worth about $9,536,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 8,557 shares of the 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 owned 8,809 shares in the company, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the sale, the vice president owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This trade represents a 17.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,567 shares of company stock valued at $3,304,375 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Key Stories Impacting RTX

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Susquehanna increased their price objective on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Royal Bank Of Canada raised their target price on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 24th. UBS Group lifted their target price on RTX from $198.00 to $215.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company upped their price target on RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.

RTX Trading Down 0.0%

Shares of 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 debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The company has a 50-day simple moving average of $200.02 and a two-hundred day simple moving average of $194.87. The company has a market capitalization of $300.38 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 2.65 and a beta of 0.29.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 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 for the quarter, compared to analysts’ expectations of $22.89 billion. During the same quarter last year, the firm earned $1.56 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts anticipate that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is 51.41%.

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.