Maven Securities LTD Purchases 28,501 Shares of RTX Corporation $RTX

Maven Securities LTD boosted its position in RTX Corporation (NYSE:RTX) by 552.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,658 shares of the company’s stock after acquiring an additional 28,501 shares during the period. Maven Securities LTD’s holdings in RTX were worth $6,386,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Montz Harcus Wealth Management LLC boosted its holdings in shares of RTX by 3.2% during the second quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company’s stock worth $311,000 after purchasing an additional 51 shares during the period. Schulhoff & Co. Inc. increased its holdings in RTX by 1.7% during the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock valued at $585,000 after purchasing an additional 52 shares during the period. Sunbeam Capital Management LLC increased its holdings in RTX by 1.6% during the 4th quarter. Sunbeam Capital Management LLC now owns 3,383 shares of the company’s stock valued at $620,000 after purchasing an additional 53 shares during the period. Safeguard Investment Advisory Group LLC raised its position in RTX by 2.4% during the 2nd quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company’s stock valued at $430,000 after purchasing an additional 53 shares during the last quarter. Finally, Sequent Planning LLC raised its position in RTX by 1.6% during the 4th quarter. Sequent Planning LLC now owns 3,364 shares of the company’s stock valued at $617,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other RTX news, 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 of the company’s stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of the firm’s 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 completion of the transaction, the vice president directly owned 22,349 shares in the company, valued at $4,774,193.38. The trade was a 17.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RTX. Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada upped their target price on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Robert W. Baird set a $240.00 price target on RTX in a research note on Friday, July 24th. 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 report on Monday, July 27th. Finally, Jefferies Financial Group set a $250.00 price objective on shares of RTX in a research report on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $228.59.

RTX Trading Down 1.0%

NYSE RTX opened at $198.77 on Wednesday. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $226.88. The stock has a market cap of $267.89 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.59 and a beta of 0.29. The stock’s fifty day moving average price is $208.36 and its 200-day moving average price is $196.04. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX) last announced its quarterly 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 firm had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts forecast that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Dividend Announcement

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

RTX News Summary

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.