Lone Peak Global Investors LLC Buys 22,322 Shares of RTX Corporation $RTX

Lone Peak Global Investors LLC grew its stake in RTX Corporation (NYSE:RTX) by 24.2% during the second quarter, Holdings Channel.com reports. The fund owned 114,561 shares of the company’s stock after purchasing an additional 22,322 shares during the quarter. RTX makes up 3.0% of Lone Peak Global Investors LLC’s investment portfolio, making the stock its 15th biggest position. Lone Peak Global Investors LLC’s holdings in RTX were worth $21,736,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Milestone Asset Management Group LLC raised its stake in RTX by 34.7% in the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after buying an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in RTX during the 4th quarter valued at $2,308,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of RTX by 5.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company’s stock valued at $39,054,000 after acquiring an additional 10,426 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of RTX by 206.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company’s stock valued at $32,711,000 after acquiring an additional 120,094 shares during the period. Finally, Rokos Capital Management LLP raised its position in shares of RTX by 804.3% in the 1st quarter. Rokos Capital Management LLP now owns 556,152 shares of the company’s stock worth $107,265,000 after acquiring an additional 494,652 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

RTX opened at $204.85 on Wednesday. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. 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 cap of $276.09 billion, a P/E ratio of 36.07, a price-to-earnings-growth ratio of 2.47 and a beta of 0.29. The firm’s 50-day moving average price is $207.04 and its 200-day moving average price is $196.09.

RTX (NYSE:RTX) last released 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. The company had revenue of $24.71 billion during the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. RTX’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the business earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts anticipate that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. RTX’s payout ratio is 51.41%.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s reported $289 billion backlog underscores strong long-term demand visibility across its defense and commercial aerospace businesses. The backlog is not entirely equivalent to near-term revenue, but it provides substantial support for future sales and cash flow. RTX’s $289 Billion Backlog, Explained
• Positive Sentiment: RTX has outperformed the broader industrial sector over the past year, and analysts remain cautiously optimistic. Its exposure to defense spending and aircraft engine demand may make earnings less sensitive to economic cycles than many industrial peers. RTX Corporation Stock: Is RTX Outperforming the Industrial Sector?
• Positive Sentiment: Chief Executive Chris Calio is scheduled to present at the Morgan Stanley Laguna Conference. Investors may look for updates on the backlog, engine production, defense demand, margins and full-year guidance. RTX Chairman and CEO to Present at the Morgan Stanley 14th Annual Laguna Conference
• Neutral Sentiment: A recent analysis highlights RTX as a potentially defensive dividend stock because its defense exposure can reduce sensitivity to macroeconomic swings. However, the stock’s elevated valuation means investors may require continued earnings and cash-flow growth. Is RTX a Safe Dividend Stock to Buy?
• Negative Sentiment: RTX recently declined more than the broader market. The weakness appears consistent with profit-taking and valuation concerns after a strong run, rather than a newly reported deterioration in operating results. Here’s Why RTX Fell More Than the Broader Market

Insider Activity at RTX

In other news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $1,799,451.53. Following the completion of the sale, the insider owned 8,809 shares in the company, 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. Insiders have sold a total of 29,222 shares of company stock valued at $6,362,003 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RTX shares. UBS Group raised their price objective on RTX from $198.00 to $215.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Wells Fargo & Company lifted their price objective on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 price target on shares of RTX in a report on Friday, July 24th. Finally, Robert W. Baird set a $240.00 price target on RTX in a research report on Friday, July 24th. One research 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.