Sei Investments Co. increased its position in RTX Corporation (NYSE:RTX – Free Report) by 31.9% during the first quarter, HoldingsChannel.com reports. The fund owned 1,478,164 shares of the company’s stock after acquiring an additional 357,728 shares during the quarter. Sei Investments Co.’s holdings in RTX were worth $285,137,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. United Bank increased its holdings in RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after acquiring an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. raised its position in RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after acquiring an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in RTX during the second quarter worth about $5,157,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
RTX News Summary
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon was awarded a $1.8 billion U.S. Navy contract extension for SPY-6 radar hardware production and sustainment, reinforcing RTX’s defense revenue visibility. RTX’s Raytheon awarded $1.8 billion hardware production and sustainment contract for SPY-6 family of radars
- Positive Sentiment: Pratt & Whitney said its GTF engines have topped 800 orders and commitments year to date, lifting the engine backlog to more than 8,000 and signaling sustained commercial aircraft demand. RTX’s Pratt & Whitney GTF engines surpass 800 orders and commitments in 2026, year to date
- Positive Sentiment: RTX highlighted multiple new aerospace wins and strategic partnerships at the Farnborough Airshow, including engine orders, a new MRO joint venture, and expanded regional maintenance agreements. RTX’s Pratt & Whitney Canada signs PW127M maintenance agreement with Emerald Airlines
- Positive Sentiment: RTX advanced its hybrid-electric aviation program, with Collins Aerospace completing lab testing and moving the project toward aircraft-level integration testing with Airbus. RTX advances hybrid-electric aviation at The Grid
- Neutral Sentiment: Several previews and earnings outlook pieces put RTX in focus ahead of Thursday’s results, with analysts watching whether the company can sustain revenue and EPS growth. RTX (RTX) Q2 Earnings: What To Expect
- Neutral Sentiment: RTX-related gaming and GPU headlines involving “RTX” are about Nvidia graphics products, not RTX Corporation, so they should not affect the stock.
RTX Stock Performance
RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that RTX Corporation will post 6.92 earnings per share for the current 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 1.5%. RTX’s payout ratio is 54.78%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on RTX. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Morgan Stanley reduced their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Jefferies Financial Group reissued a “buy” rating on shares of RTX in a research report on Wednesday, July 8th. Finally, Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.38.
View Our Latest Research Report on RTX
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.
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