Arizona State Retirement System Has $70.86 Million Stake in RTX Corporation $RTX

Arizona State Retirement System boosted its holdings in RTX Corporation (NYSE:RTX) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 373,482 shares of the company’s stock after buying an additional 6,042 shares during the period. Arizona State Retirement System’s holdings in RTX were worth $70,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. California State Teachers Retirement System raised its position in shares of RTX by 18,899.0% during the 2nd quarter. California State Teachers Retirement System now owns 389,832,160 shares of the company’s stock valued at $73,962,856,000 after acquiring an additional 387,780,302 shares during the last quarter. BlackRock Inc. bought a new position in shares of RTX in the 2nd quarter worth $20,970,571,000. Norges Bank acquired a new stake in shares of RTX during the fourth quarter worth $3,167,626,000. Auto Owners Insurance Co grew its stake in shares of RTX by 24,730.9% during the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock worth $1,852,882,000 after purchasing an additional 10,062,269 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in RTX in the second quarter valued at about $1,456,256,000. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on RTX. Argus set a $245.00 target price on RTX in a report on Thursday, July 30th. Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Royal Bank Of Canada increased their price target on shares of RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Sanford C. Bernstein lifted their price objective on shares of RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $238.00 price objective on shares of RTX in a report on Monday, July 27th. One research 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 has an average rating of “Moderate Buy” and an average price target of $228.59.

RTX Trading Down 1.0%

RTX stock traded down $2.02 during midday trading on Tuesday, hitting $198.77. 3,626,325 shares of the company’s stock were exchanged, compared to its average volume of 5,513,626. RTX Corporation has a one year low of $150.61 and a one year 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 market cap of $267.89 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.59 and a beta of 0.29. The stock’s fifty day moving average price is $208.18 and its 200-day moving average price is $196.09.

RTX (NYSE:RTX) last announced its quarterly earnings results 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. The company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the company’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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by corporate insiders.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX secured a $472 million Chinook modernization contract to upgrade avionics and support fleet readiness for the U.S. Army. The award should strengthen RTX’s defense backlog, provide longer-term revenue visibility and reinforce its position in military aerospace modernization. Can Chinook Modernization Strengthen RTX’s Defense Growth?
• Neutral Sentiment: Repeated coverage of the Chinook award highlights improving defense demand, but the contract alone is unlikely to materially change near-term earnings expectations. Investors may continue focusing on execution, margins and RTX’s aerospace supply-chain recovery following its strong latest quarterly results.
• Neutral Sentiment: Most other headlines reference NVIDIA’s RTX-branded GPUs, including RTX 50-series laptops, RTX Spark systems, DLSS modifications and reports of a melted RTX 5090 power connector. These stories may affect NVIDIA, but they have no direct operational connection to RTX Corporation.

RTX Company 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.