Manhattan West Asset Management LLC Takes $451,000 Position in RTX Corporation $RTX

Manhattan West Asset Management LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, Holdings Channel reports. The fund purchased 2,378 shares of the company’s stock, valued at approximately $451,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Navalign LLC bought a new position in RTX during the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX during the 4th quarter worth about $26,000. Core Wealth Advisors LLC purchased a new position in shares of RTX during the 4th quarter worth about $31,000. 1 North Wealth Services LLC grew its holdings in RTX by 456.7% during the 4th 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 purchased a new stake in RTX in the 1st quarter worth about $31,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on RTX shares. Erste Group Bank downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Sanford C. Bernstein increased their price target on RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada boosted their price objective on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Robert W. Baird set a $240.00 price objective on RTX in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $228.59.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The European Commission closed its antitrust investigation into Pratt & Whitney Canada, RTX’s aircraft-engine unit. The decision removes the risk of potential enforcement action, fines or business restrictions tied to the probe. EU closes antitrust probe into RTX’s Pratt & Whitney
• Positive Sentiment: Raytheon secured a roughly $22.9 billion, seven-year U.S. Navy Tomahawk missile contract. The award should improve long-term revenue visibility, support higher production and strengthen RTX’s defense backlog through the 2030s. Can RTX’s Tomahawk Production Ramp-Up Enhance Its Growth Prospects?
• Positive Sentiment: Recent quarterly results also remain supportive: RTX exceeded EPS and revenue expectations, posted 14.5% year-over-year revenue growth and raised confidence in its fiscal 2026 outlook. These results reinforce the company’s ability to convert its backlog into cash-generating programs. How Investors May Respond to RTX Winning a US$22.9 Billion Tomahawk Deal and Raising Guidance
• Neutral Sentiment: Broader market volatility, including concerns about Treasury policy, oil prices and upcoming inflation data, may be contributing to pressure across equities rather than reflecting a change in RTX’s fundamentals.
• Negative Sentiment: Executive Vice President Ramsaran Maharajh sold 13,655 RTX shares for approximately $3.06 million, cutting his direct holdings by about 51%. While the sale may be routine, it can weigh on sentiment when the stock is near its 52-week high. RTX EVP Sells 13,655 Shares
• Negative Sentiment: RTX trades at a demanding earnings multiple after a substantial rally. The valuation leaves less room for execution disappointments and may encourage investors to take profits.

RTX Price Performance

RTX stock opened at $210.36 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The stock has a market cap of $283.51 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.53 and a beta of 0.29. The firm has a 50-day moving average of $203.73 and a two-hundred day moving average of $195.53. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $226.88.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same period last year, the company posted $1.56 earnings per share. 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. On average, research analysts forecast that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is currently 51.41%.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 8,557 shares of the company’s stock in a transaction dated 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 $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is currently owned by corporate insiders.

About RTX

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.