Western Wealth Management LLC Buys Shares of 2,901 RTX Corporation $RTX

Western Wealth Management LLC purchased a new position in shares of RTX Corporation (NYSE:RTX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,901 shares of the company’s stock, valued at approximately $550,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortress Financial Group LLC purchased a new stake in shares of RTX in the second quarter valued at about $358,000. Navalign LLC purchased a new stake in RTX in the 4th quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in RTX during the 4th quarter worth approximately $26,000. Evergreen Advisors LLC purchased a new stake in shares of RTX in the first quarter valued at approximately $31,000. Finally, Core Wealth Advisors LLC acquired a new position in RTX during the fourth quarter worth $31,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Collins Aerospace completes F-35 altitude testing: RTX’s Collins Aerospace successfully completed high-altitude testing of its Enhanced Power and Cooling System (EPACS), validating performance in conditions relevant to real-world F-35 operations. The system is designed to provide greater cooling capacity for advanced mission systems, supporting future F-35 upgrades and potentially other defense and commercial aircraft programs. The milestone reinforces RTX’s technology position, although it is not expected to create an immediate material revenue impact. RTX Collins Aerospace EPACS completes altitude testing
• Positive Sentiment: RTX remains a strong aerospace and defense performer: Recent comparisons of RTX with L3Harris, GE Aerospace and Boeing highlight its momentum, growth outlook, return on invested capital and exposure to commercial aerospace recovery and defense demand. The favorable sector positioning may be supporting investor interest in RTX. RTX versus L3Harris aerospace momentum comparison
• Neutral Sentiment: NVIDIA “RTX” coverage is unrelated to RTX Corporation: Reports on DLSS 4.5, RTX Remix, RTX Spark laptops, GeForce graphics cards and gaming PCs concern NVIDIA’s product ecosystem. They do not represent announcements, sales or competitive developments for NYSE:RTX and should not be treated as direct catalysts for RTX Corporation’s stock.

RTX Stock Up 0.5%

Shares of NYSE:RTX opened at $210.32 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $283.47 billion, a P/E ratio of 37.03, a P/E/G ratio of 2.49 and a beta of 0.29. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. The stock’s fifty day simple moving average is $204.72 and its 200-day simple moving average is $195.62.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. The company had revenue of $24.71 billion for 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 firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities research analysts forecast that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.4%. RTX’s payout ratio is 51.41%.

Insiders Place Their Bets

In related news, VP Kevin G. Dasilva sold 4,760 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $213.62, for a total value of $1,016,831.20. Following the completion of the transaction, the vice president directly owned 22,349 shares in the company, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,222 shares of company stock valued at $6,362,003 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on RTX. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. TD Cowen lifted their price target on shares of RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th. 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 report on Friday, July 24th. Finally, Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $228.59.

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.