RTX (NYSE:RTX) Shares Gap Up on Strong Earnings

RTX Corporation (NYSE:RTX) gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $194.88, but opened at $205.00. RTX shares last traded at $212.5270, with a volume of 1,732,788 shares trading hands.

The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.23. The firm had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. RTX’s dividend payout ratio is currently 54.78%.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX reported Q2 adjusted EPS of $1.89, above the $1.66 consensus, while revenue reached $24.71 billion versus expectations of $22.89 billion. MarketBeat earnings report
• Positive Sentiment: RTX raised full-year 2026 guidance, now expecting EPS of $7.10 to $7.25 and revenue of $95 billion to $96 billion, both above prior forecasts and Wall Street estimates. Wall Street Journal article
• Positive Sentiment: Management cited robust demand and a higher backlog, while recent business updates at Farnborough highlighted more than 800 Pratt & Whitney GTF orders and commitments year to date, supporting the company’s long-term aerospace growth story. Pratt & Whitney GTF orders press release
• Neutral Sentiment: The latest headlines also mention RTX’s hybrid-electric aviation testing and a new MRO joint venture with Etihad Engineering, which are positive strategic developments but are more long-term than immediate catalysts. Hybrid-electric aviation press release
• Negative Sentiment: Some reports note potential geopolitical headwinds tied to Iran-related conflict, which could create uncertainty for defense and supply-chain costs even after the strong earnings beat. Barron’s article

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. UBS Group dropped their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Morgan Stanley cut their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average price target of $211.38.

Hedge Funds Weigh In On RTX

A number of institutional investors and hedge funds have recently bought and sold shares of RTX. Brighton Jones LLC lifted 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 acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC lifted its position in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares during the period. United Bank lifted its position in RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after purchasing an additional 4,131 shares during the period. Schnieders Capital Management LLC. boosted its stake 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 buying an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in RTX in the 2nd quarter valued at $5,157,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

The stock has a market cap of $283.41 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 2.65 and a beta of 0.30. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $185.57 and its 200-day simple moving average is $191.89.

RTX Company 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.