8,631 RTX Corporation $RTX Shares Sold by Narwhal Capital Management

Narwhal Capital Management cut its position in shares of RTX Corporation (NYSE:RTX) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 71,610 shares of the company’s stock after selling 8,631 shares during the quarter. RTX accounts for 0.9% of Narwhal Capital Management’s investment portfolio, making the stock its 27th biggest holding. Narwhal Capital Management’s holdings in RTX were worth $13,294,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Evergreen Advisors LLC purchased a new position in shares of RTX during the 1st quarter worth approximately $31,000. BOK Financial Private Wealth Inc. purchased a new stake in RTX in the 2nd quarter valued at approximately $36,000. Next Level Wealth Planning LLC purchased a new stake in RTX in the 3rd quarter valued at approximately $41,000. Midwest Capital Advisors LLC purchased a new stake in RTX in the 3rd quarter valued at approximately $42,000. Finally, Groupe la Francaise grew its holdings in RTX by 50.9% during the 2nd quarter. Groupe la Francaise now owns 261 shares of the company’s stock valued at $45,000 after buying an additional 88 shares during the last quarter. 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: An outlook piece points to potential margin expansion and cash-flow growth in 2027, suggesting improving profitability could support RTX’s financial performance. RTX sees margin expansion, cash flow growth in 2027
• Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 training rocket for the U.S. Army. The milestone advances the program, although it is not itself confirmation of a production award. Raytheon advances Joint Reduced Range Rocket with third successful flight test
• Positive Sentiment: RTX’s Raytheon reportedly plans to increase Tomahawk and AMRAAM missile production substantially by 2030, signaling potential long-term demand and growth opportunities. Tomahawk, AMRAAM missiles could see fourfold production surge by 2030 under RTX plan
• Positive Sentiment: Zacks added RTX to its Rank #1 (Strong Buy) lists, a favorable analyst-screening signal, though such rankings do not guarantee future returns. New Strong Buy Stocks for November 10th
• Neutral Sentiment: A valuation article asks whether RTX’s share price is supported by expected cash generation after substantial three-year gains, highlighting valuation as a consideration alongside recent defense wins. Is RTX Still Near Fair Value After New Defense Wins?

RTX Stock Up 2.1%

RTX stock opened at $200.39 on Wednesday. The stock has a market capitalization of $270.41 billion, a P/E ratio of 32.53, a PEG ratio of 2.17 and a beta of 0.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. RTX Corporation has a one year low of $166.74 and a one year high of $226.88. The company has a 50 day moving average price of $193.00 and a two-hundred day moving average price of $195.54.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The company had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. During the same period in the previous year, the firm posted $1.70 EPS. RTX’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that RTX Corporation will post 7.73 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio is presently 47.40%.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 9,071 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $201.70, for a total value of $1,829,620.70. Following the sale, the executive vice president directly owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. This trade represents a 34.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RTX shares. UBS Group raised their price target on RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Jefferies Financial Group set a $250.00 price objective on RTX and gave the stock a “buy” rating in a research report on Sunday, July 26th. Rothschild & Co Redburn lifted their price objective on RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft downgraded shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 target price for the company. in a research note on Tuesday, October 13th. Finally, The Goldman Sachs Group upped their target price on shares of RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $231.24.

RTX Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.