Levin Capital Strategies L.P. Makes New Investment in RTX Corporation $RTX

Levin Capital Strategies L.P. acquired a new stake in shares of RTX Corporation (NYSE:RTX) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,173 shares of the company’s stock, valued at approximately $805,000.

Other large investors have also modified their holdings of the company. Signature Equity Partners LLC boosted its holdings in shares of RTX by 55.5% in the 1st quarter. Signature Equity Partners LLC now owns 913 shares of the company’s stock valued at $176,000 after purchasing an additional 326 shares during the last quarter. Acumen Wealth Advisors LLC increased its holdings in shares of RTX by 1,089.3% during the 1st quarter. Acumen Wealth Advisors LLC now owns 6,470 shares of the company’s stock worth $1,248,000 after buying an additional 5,926 shares during the last quarter. CI Investments Inc. raised its position in shares of RTX by 3,270.6% in the 1st quarter. CI Investments Inc. now owns 315,590 shares of the company’s stock worth $60,877,000 after buying an additional 306,227 shares during the period. Chase Investment Counsel Corp purchased a new position in shares of RTX in the 1st quarter worth $411,000. Finally, Himension Capital Singapore PTE. LTD. acquired a new position in RTX in the first quarter valued at $2,224,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Morgan Stanley dropped their price target on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. 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, Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.38.

RTX News Roundup

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 Trading Up 0.5%

Shares of RTX opened at $194.56 on Thursday. RTX Corporation has a 12 month low of $149.11 and a 12 month high of $214.50. The stock’s 50-day moving average is $185.57 and its two-hundred day moving average is $191.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The stock has a market cap of $262.01 billion, a PE ratio of 36.50, a P/E/G ratio of 2.65 and a beta of 0.30.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 earnings per share. Equities analysts forecast that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

RTX Announces Dividend

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 given a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is 54.78%.

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.