RTX Corporation $RTX Shares Sold by Allworth Financial LP

Allworth Financial LP cut its stake in RTX Corporation (NYSE:RTX) by 39.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,458 shares of the company’s stock after selling 86,031 shares during the period. Allworth Financial LP’s holdings in RTX were worth $25,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Navalign LLC acquired a new stake in shares of RTX in the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in RTX during the fourth quarter worth $26,000. Core Wealth Advisors LLC purchased a new stake in RTX during the fourth quarter worth $31,000. 1 North Wealth Services LLC grew its holdings in RTX by 456.7% in the fourth 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 last quarter. Finally, Evergreen Advisors LLC acquired a new stake in RTX in the first quarter valued at $31,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction on 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 transaction, the vice president owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This represents a 17.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Troy Brunk sold 8,557 shares of RTX stock in a transaction on Friday, July 24th. The shares were 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 approximately $1,852,444.61. This represents a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 29,222 shares of company stock worth $6,362,003. Insiders own 0.10% of the company’s stock.

RTX Trading Down 1.0%

Shares of RTX stock traded down $2.02 during mid-day trading on Tuesday, hitting $198.77. 3,626,325 shares of the stock were exchanged, compared to its average volume of 5,513,626. The stock has a market capitalization of $267.89 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 2.59 and a beta of 0.29. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $226.88. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $208.18 and a 200 day simple moving average of $196.09.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts forecast that RTX Corporation will post 7.22 EPS for the current year.

RTX Announces Dividend

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

More RTX News

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.

Analysts Set New Price Targets

RTX has been the subject of several research reports. Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Robert W. Baird set a $240.00 target price on shares of RTX in a report on Friday, July 24th. TD Cowen lifted their target price on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada upped their price target on shares of RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. One equities research 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 stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $228.59.

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.