RTX (NYSE:RTX) Shares Down 1.7% – Time to Sell?

RTX Corporation (NYSE:RTX) shares dropped 1.7% during trading on Thursday . The company traded as low as $191.84 and last traded at $193.5040. 3,489,318 shares were traded during trading, a decline of 36% from the average session volume of 5,431,511 shares. The stock had previously closed at $196.83.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Record backlog supports revenue visibility. RTX’s backlog reportedly reached $289 billion, providing substantial future demand across commercial aerospace and defense programs. RTX’s Backlog Just Hit a Record $289 Billion
• Positive Sentiment: Pratt & Whitney is expanding in Poland. RTX’s aircraft-engine unit plans a $25 million engine-parts expansion, strengthening its international manufacturing footprint and potentially supporting future commercial and military engine demand. RTX’s Pratt & Whitney Deepens Poland Bet
• Neutral Sentiment: Defense-sector spending remains a potential tailwind. A new framework agreement involving Lockheed Martin’s JATM missile program could increase missile production and benefit defense-focused exchange-traded funds. The development is supportive for the broader sector, although the article does not identify a direct RTX award. Defense ETFs Stand to Gain as Trump Administration Signs JATM Deal
• Negative Sentiment: Valuation and interest-rate concerns are weighing on sentiment. Jim Cramer argued that RTX remains expensive despite its large Tomahawk missile contract and backlog. Rising rates generally pressure high price-to-earnings stocks by reducing the value investors assign to future earnings. Jim Cramer Says Defense Giant Still Too Expensive
• Negative Sentiment: Recent trading weakness reflects the valuation overhang. Coverage noted that RTX declined even as the broader market gained, suggesting investors are taking profits or reassessing the stock’s premium valuation rather than immediately rewarding its strong defense pipeline. RTX Stock Sinks as Market Gains

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RTX. Royal Bank Of Canada lifted their price objective on RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Susquehanna raised their target price on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating and issued a $240.00 target price on shares of RTX in a report on Friday, July 24th. Sanford C. Bernstein boosted their price target on RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Finally, UBS Group increased their price target on RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $228.59.

RTX Trading Down 0.1%

The business has a 50 day moving average of $208.16 and a two-hundred day moving average of $195.81. The firm has a market capitalization of $260.58 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 2.49 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 (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating 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 net margin of 8.28% and a return on equity of 13.99%. RTX’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Friday, August 14th were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 14th. RTX’s dividend payout ratio is currently 51.41%.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 8,557 shares of the 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 of the company’s stock, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RTX

Several large investors have recently bought and sold shares of the stock. New Age Alpha Advisors LLC bought a new position in RTX in the 4th quarter valued at $2,308,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of RTX by 5.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company’s stock valued at $39,054,000 after acquiring an additional 10,426 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in shares of RTX by 63.2% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company’s stock valued at $6,535,000 after acquiring an additional 13,118 shares in the last quarter. Rokos Capital Management LLP boosted its position in shares of RTX by 804.3% during the 1st 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 during the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of RTX during the second quarter worth about $1,267,256,000. 86.50% of the stock is currently owned by institutional investors.

About RTX

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.