RTX Corporation $RTX Stock: Narwhal Capital Management Reduces Holdings

Narwhal Capital Management trimmed its position in shares of RTX Corporation (NYSE:RTX) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,610 shares of the company’s stock after selling 8,631 shares during the period. RTX makes up about 0.9% of Narwhal Capital Management’s holdings, 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 reporting period.

Several other large investors have also made changes to their positions in RTX. BlackRock Inc. purchased a new stake in RTX during the second quarter valued at about $20,970,571,000. State Street Corp increased its stake in RTX by 3.1% during the second quarter. State Street Corp now owns 95,417,318 shares of the company’s stock worth $18,103,528,000 after acquiring an additional 2,828,056 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of RTX by 5.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock worth $1,649,501,000 after purchasing an additional 411,356 shares during the period. Amundi raised its holdings in shares of RTX by 4.0% in the 2nd 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 period. Finally, Bank of New York Mellon Corp purchased a new position in shares of RTX in the 2nd quarter worth about $1,456,256,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX News Roundup

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?

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 9,071 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 16,930 shares in the company, valued at $3,414,781. This represents a 34.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

RTX Stock Up 2.1%

Shares of NYSE RTX opened at $200.39 on Wednesday. The stock has a fifty day moving average price of $193.00 and a 200 day moving average price of $195.54. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. RTX Corporation has a 12-month low of $166.74 and a 12-month high of $226.88. The company has a market cap of $270.41 billion, a P/E ratio of 32.53, a P/E/G ratio of 2.17 and a beta of 0.30.

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

RTX Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on RTX. Argus set a $245.00 price objective on RTX and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays increased their target price on shares of RTX from $223.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Royal Bank Of Canada cut their price target on shares of RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. DA Davidson lifted their price target on shares of RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Jefferies Financial Group set a $250.00 price objective on shares of RTX and gave the stock a “buy” rating in a research note on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.