VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in RTX Corporation $RTX

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in RTX Corporation (NYSE:RTX) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $8,538,000.

Other hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in RTX in the 4th quarter worth about $2,308,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of RTX by 5.1% during the fourth 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 last quarter. Thrivent Financial for Lutherans boosted its stake in shares of RTX by 206.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company’s stock worth $32,711,000 after acquiring an additional 120,094 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its position in shares of RTX by 63.2% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company’s stock worth $6,535,000 after purchasing an additional 13,118 shares in the last quarter. Finally, Rokos Capital Management LLP raised its stake in RTX by 804.3% in the 1st quarter. Rokos Capital Management LLP now owns 556,152 shares of the company’s stock valued at $107,265,000 after purchasing an additional 494,652 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group increased their target price on shares of RTX from $198.00 to $215.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. Morgan Stanley reissued an “overweight” rating and set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. Susquehanna lifted their price target on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a report on Friday, July 24th. Finally, Sanford C. Bernstein raised their price objective on shares of RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $228.59.

RTX Stock Down 1.0%

Shares of NYSE RTX opened at $198.77 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 business’s 50 day moving average is $208.36 and its two-hundred day moving average is $196.04. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $226.88. The firm has a market cap of $267.89 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 2.59 and a beta of 0.29.

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

RTX Dividend Announcement

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

Insider Buying and Selling at RTX

In other RTX news, insider Troy Brunk sold 8,557 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the sale, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,016,831.20. Following the sale, the vice president directly owned 22,349 shares in the company, valued at $4,774,193.38. This represents a 17.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 29,222 shares of company stock valued at $6,362,003 in the last three months. 0.10% of the stock is owned by corporate insiders.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX secured a $472 million contract to modernize the U.S. Army’s CH-47 Chinook helicopter fleet. The work includes avionics upgrades and support for fleet readiness, strengthening RTX’s defense backlog and providing additional visibility for its Collins Aerospace and defense operations. Can Chinook Modernization Strengthen RTX’s Defense Growth?
• Neutral Sentiment: The Chinook award supports RTX’s exposure to sustained U.S. defense spending and Army modernization. However, the contract appears incremental relative to RTX’s roughly $268 billion market capitalization, so investors may view it as a backlog and long-term growth positive rather than a major catalyst for current-year earnings. Can Chinook Modernization Strengthen RTX’s Defense Growth?

About RTX

RTX Corporation (NYSE:RTX) is an aerospace and defense company that develops and manufactures systems, products and services for commercial aviation, business aviation and government customers. Its offerings include aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, radar, air and missile defense systems, precision weapons and cybersecurity solutions.

The company operates through three principal businesses: Collins Aerospace, which provides aerospace systems and components; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance services; and Raytheon, which develops integrated defense systems, sensors, missiles and other mission technologies.