Hennion & Walsh Asset Management Inc. Acquires 4,634 Shares of RTX Corporation $RTX

Hennion & Walsh Asset Management Inc. grew its holdings in RTX Corporation (NYSE:RTX) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,231 shares of the company’s stock after buying an additional 4,634 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in RTX were worth $6,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RTX. Navalign LLC bought a new stake in shares of RTX during the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new position in RTX in the 4th quarter valued at about $26,000. Core Wealth Advisors LLC bought a new position in RTX in the 4th quarter valued at about $31,000. 1 North Wealth Services LLC lifted its position in RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares during the last quarter. Finally, Evergreen Advisors LLC acquired a new stake in RTX during the first quarter worth approximately $31,000. 86.50% of the stock is currently owned by institutional investors.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense subsidiary, installed the first SPY-6(V)4 radar array at the U.S. Navy’s Wallops Island test site. The milestone begins testing for a program intended to modernize aging Flight IIA destroyers. Successful testing and subsequent fleet adoption could support RTX’s defense backlog and long-term revenue visibility. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Market coverage continues to characterize RTX as a strong momentum stock following its recent share-price performance. That sentiment may attract momentum-focused investors, though the stock’s elevated valuation means continued execution is important. What Makes RTX a Strong Momentum Stock

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RTX shares. TD Cowen upped their target price on RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, July 27th. UBS Group lifted their price target on RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Robert W. Baird set a $240.00 price target on RTX in a research note on Friday, July 24th. Royal Bank Of Canada upped their price objective on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Argus set a $245.00 price objective on RTX in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.59.

RTX Price Performance

RTX stock opened at $223.03 on Monday. The company has a market cap of $300.59 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 2.66 and a beta of 0.29. The business has a 50-day simple moving average of $195.40 and a 200 day simple moving average of $193.93. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $225.65. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX) last announced its quarterly earnings data 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. The firm had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Sell-side analysts anticipate that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio is 51.41%.

Insider Activity at RTX

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the sale, the vice president directly owned 20,099 shares in the company, valued at $4,360,076.07. This represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,567 shares of company stock worth $3,304,375 in the last quarter. 0.10% of the stock is currently owned by company insiders.

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.