SCS Capital Management LLC Invests $21.99 Million in RTX Corporation $RTX

SCS Capital Management LLC acquired a new stake in RTX Corporation (NYSE:RTX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 115,887 shares of the company’s stock, valued at approximately $21,987,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in RTX by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares in the last quarter. State Street Corp raised its stake in shares of RTX by 0.7% during 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 in the last quarter. Morgan Stanley boosted its holdings in shares of RTX by 0.4% in the 4th quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock valued at $5,462,310,000 after buying an additional 105,069 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of RTX by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock valued at $3,998,155,000 after buying an additional 625,994 shares during the last quarter. Finally, Norges Bank bought a new position in shares of RTX in the fourth quarter valued at $3,167,626,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on RTX. Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. TD Cowen lifted their price objective on shares of RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Weiss Ratings cut shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Royal Bank Of Canada raised their target price on shares of RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.59.

More RTX News

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

RTX Stock Up 1.1%

RTX opened at $222.88 on Friday. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88. The stock’s fifty day simple moving average is $200.02 and its 200 day simple moving average is $194.86. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market cap of $300.38 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.29.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter last year, the firm posted $1.56 EPS. The company’s quarterly 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, research analysts expect that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be paid 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 is Friday, August 14th. RTX’s dividend payout ratio (DPR) is currently 51.41%.

Insider Activity

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