RTX Corporation $RTX Holdings Lifted by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in shares of RTX Corporation (NYSE:RTX) by 3.7% in the third quarter, Holdings Channel reports. The firm owned 102,459 shares of the company’s stock after acquiring an additional 3,681 shares during the quarter. Park Avenue Securities LLC’s holdings in RTX were worth $19,022,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of RTX during the 2nd quarter valued at about $20,970,571,000. State Street Corp lifted its position in RTX by 3.1% during the second quarter. State Street Corp now owns 95,417,318 shares of the company’s stock valued at $18,103,528,000 after purchasing an additional 2,828,056 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in RTX by 5.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock valued at $1,649,501,000 after purchasing an additional 411,356 shares during the period. Dimensional Fund Advisors LP lifted its position in RTX by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company’s stock valued at $1,475,296,000 after purchasing an additional 95,726 shares during the period. Finally, Amundi boosted its holdings in RTX by 4.0% in the second quarter. Amundi now owns 7,768,207 shares of the company’s stock worth $1,473,862,000 after purchasing an additional 295,964 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Up 3.4%

RTX stock opened at $197.45 on Tuesday. The firm has a fifty day moving average price of $196.62 and a 200 day moving average price of $195.37. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The firm has a market cap of $266.45 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.31.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. RTX’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share. Sell-side analysts anticipate that RTX Corporation will post 7.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley restated an “overweight” rating and issued a $240.00 price target (up from $220.00) on shares of RTX in a research note on Friday, July 24th. Jefferies Financial Group set a $250.00 price objective on RTX and gave the company a “buy” rating in a research report on Sunday, July 26th. TD Cowen lowered their target price on RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Rothschild & Co Redburn raised their target price on RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded RTX from a “buy” rating to a “hold” rating and set a $208.00 price target for the company. in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $228.32.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is being positioned as a leading beneficiary of rising global defense spending. One analysis cited a 4.57x defense book-to-bill ratio and 36% year-over-year backlog growth, supporting stronger long-term revenue visibility and capacity investment. My Favorite Way To Cash In On A $740 Billion Defense Boom
• Positive Sentiment: Analyst comparisons with General Dynamics suggest RTX has meaningful upside potential from defense-budget expansion, contract wins and its diversified aerospace and defense operations, although valuation remains an important consideration. RTX vs. GD: Which Defense Stock Has Greater Upside Potential?
• Positive Sentiment: Recent investment coverage highlighted RTX among companies reporting strong quarterly results, citing a backlog of approximately $340 billion. This reinforces expectations for sustained demand across commercial aerospace and defense. Zacks Investment Ideas feature highlights: Valero Energy, RTX and Interactive Brokers
• Positive Sentiment: RTX’s latest reported quarter showed adjusted earnings of $2.26 per share versus a $1.78 consensus estimate, while revenue reached $24.97 billion, up 11.1% year over year and above expectations. The results support the current bullish sentiment.
• Neutral Sentiment: Several of the other headlines concern NVIDIA’s GeForce RTX graphics cards, RTX 5090 supply, RTX Spark laptops and GPU firmware. Those products belong to NVIDIA, not RTX Corporation, and therefore have no direct effect on RTX stock.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction 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 approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

About RTX

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.