RTX Corporation $RTX Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its stake in shares of RTX Corporation (NYSE:RTX) by 13.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,678 shares of the company’s stock after acquiring an additional 9,899 shares during the quarter. Maryland State Retirement & Pension System’s holdings in RTX were worth $15,349,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in RTX in the 2nd quarter worth $20,970,571,000. State Street Corp increased its holdings in shares of RTX by 3.1% during the 2nd quarter. State Street Corp now owns 95,417,318 shares of the company’s stock worth $18,103,528,000 after purchasing an additional 2,828,056 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of RTX by 5.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock valued at $1,649,501,000 after buying an additional 411,356 shares during the last quarter. Amundi raised its position in shares of RTX by 4.0% during the second quarter. Amundi now owns 7,768,207 shares of the company’s stock valued at $1,473,862,000 after buying an additional 295,964 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of RTX in the second quarter valued at about $1,456,256,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s 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 completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the transaction, the executive vice president directly owned 16,930 shares of the company’s stock, valued at $3,414,781. This represents a 34.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by insiders.

Key Headlines Impacting RTX

These are some of the RTX headlines that stood out recently:

• Positive Sentiment: Cash-flow outlook: A report says RTX expects margin expansion and cash-flow growth in 2027, which could support future earnings and shareholder returns. RTX margin and cash-flow outlook
• Positive Sentiment: Defense demand: RTX’s Raytheon completed a third flight test of a U.S. Army training rocket. Separately, an RTX plan could raise Tomahawk and AMRAAM missile production substantially by 2030, pointing to potential program growth. Rocket flight test report Missile production report
• Neutral Sentiment: Valuation remains a consideration: RTX has substantially outperformed over the past three years, prompting questions about whether its share price is justified by expected cash flows. The positive growth outlook is balanced by a premium valuation.

RTX Price Performance

Shares of RTX stock opened at $201.37 on Thursday. The stock has a market capitalization of $271.74 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 2.22 and a beta of 0.30. The firm’s 50-day moving average price is $192.93 and its two-hundred day moving average price is $195.57. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. RTX Corporation has a 1-year low of $166.74 and a 1-year high of $226.88.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. The business had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. RTX’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. On average, equities analysts predict that RTX Corporation will post 7.73 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. RTX’s payout ratio is currently 47.40%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RTX shares. DA Davidson lifted their target price on RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 price target (up from $220.00) on shares of RTX in a report on Friday, July 24th. The Goldman Sachs Group raised their price objective on RTX from $195.00 to $206.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings downgraded RTX from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. Finally, Susquehanna lifted their price objective on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $231.24.

RTX Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.