Northstar Group Inc. Buys New Stake in RTX Corporation $RTX

Northstar Group Inc. purchased a new position in shares of RTX Corporation (NYSE:RTX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,889 shares of the company’s stock, valued at approximately $1,876,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after acquiring an additional 2,210,950 shares in the last quarter. State Street Corp raised its holdings in RTX by 0.7% in the 4th quarter. State Street Corp now owns 91,884,588 shares of the company’s stock worth $16,851,633,000 after purchasing an additional 630,558 shares during the period. Morgan Stanley raised its holdings in RTX by 0.4% in the 4th quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock worth $5,462,310,000 after purchasing an additional 105,069 shares during the period. Fisher Asset Management LLC boosted its position in RTX by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock worth $3,998,155,000 after purchasing an additional 625,994 shares in the last quarter. Finally, Norges Bank purchased a new position in RTX during the fourth quarter worth approximately $3,167,626,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent analyst reports. Argus set a $245.00 price objective on RTX in a research report on Thursday, July 30th. Wells Fargo & Company lifted their price target on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Weiss Ratings lowered shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. UBS Group upped their price objective on shares of RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Sanford C. Bernstein increased their price objective on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $228.59.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The Pentagon announced framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The agreements could support additional defense revenue and improve visibility for RTX’s missile systems business. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
• Positive Sentiment: Market coverage highlights RTX’s plans to expand missile production and invest in advanced defense technologies as the U.S. and allies seek more precision weapons. This reinforces expectations for long-term growth in RTX’s defense backlog. Is RTX Strengthening Its Position in the Global Missile Market?
• Positive Sentiment: Unusually strong call-option activity, with 66,251 calls purchased versus typical volume of 16,557, indicates increased speculative bullish interest in RTX, although options activity is not a fundamental business indicator.
• Neutral Sentiment: Analyst coverage remains generally favorable, and some forecasts point to continued earnings growth. However, consensus recommendations can be overly optimistic and should be weighed against valuation and execution risks. Wall Street Analysts Think RTX Is a Good Investment: Is It?
• Negative Sentiment: RTX’s shares have risen substantially over the past five years, and valuation analysis suggests the stock is close to fair value rather than clearly undervalued. With a reported P/E ratio near 39, further gains may depend on strong earnings and successful delivery of new defense contracts. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 2,250 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the transaction, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 15,567 shares of company stock worth $3,304,375. 0.10% of the stock is currently owned by corporate insiders.

RTX Price Performance

Shares of RTX stock opened at $222.88 on Friday. The stock has a market capitalization of $300.38 billion, a P/E ratio of 39.24, a PEG ratio of 2.62 and a beta of 0.29. The business has a 50 day simple moving average of $200.02 and a two-hundred day simple moving average of $194.86. RTX Corporation has a 12 month low of $150.61 and a 12 month high of $226.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The firm had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, analysts predict 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 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 dividend on an annualized basis and a yield of 1.3%. RTX’s dividend payout ratio (DPR) is presently 51.41%.

About RTX

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.