Cantor Fitzgerald Cuts RTX Corporation Stake 62.6% to 51,884 Shares Worth $8.68M
Cantor Fitzgerald Investment Advisors trimmed its RTX Corporation position by 62.6% in the third quarter, selling 86,906 shares and reducing its stake to 51,884 shares. The firm’s remaining RTX holding was valued at $8.68 million at quarter-end, while institutional investors own 86.50% of the stock.
1. Major Institutional Reallocation
Cantor Fitzgerald Investment Advisors L.P. reduced its holding in RTX Corporation by 62.6% during the third quarter, offloading 86,906 shares and retaining 51,884 shares valued at $8.68 million as of September 30. This sizable trim contributed to a broader wave of activity among institutional investors: PFS Partners LLC more than doubled its stake to 177 shares in Q2, LFA Lugano Financial Advisors SA and Access Investment Management LLC each initiated positions worth under $35,000 in the same period, and Clayton Financial Group LLC and Halbert Hargrove Global Advisors LLC added modest stakes in Q3. In aggregate, hedge funds and other institutions now control approximately 86.5% of RTX’s outstanding shares, underscoring the company’s strong appeal among professional allocators despite recent portfolio reshuffling.
2. Evolving Analyst Opinions
Research firms have been recalibrating their views on RTX over the past three months. Citigroup commenced coverage with a “buy” endorsement in mid‐December, while Wall Street Zen moved its assessment from “strong‐buy” to “buy” shortly thereafter. Goldman Sachs adjusted its outlook to “neutral” and raised its fair value estimate, and both JPMorgan Chase & Co. and Sanford C. Bernstein lifted their recommendations to “overweight” and “market perform,” respectively, alongside target revisions. Overall, three analysts maintain their highest conviction on RTX, fifteen recommend accumulation, and five recommend holding. The consensus opinion, based on aggregated data, leans toward a moderate buy stance backed by solid earnings prospects.
3. Solid Earnings Growth and Shareholder Returns
In its latest quarterly report, RTX delivered $1.70 in earnings per share, surpassing consensus projections by $0.29, on revenue of $22.48 billion—an 11.9% increase year-over-year. Net margin expanded to 7.67%, and return on equity stood at 13.28%. The company reaffirmed full-year guidance of between 6.10 and 6.20 EPS, with external estimates clustering around 6.11 for the current fiscal year. On the capital‐allocation front, RTX declared a quarterly dividend of $0.68 per share, translating to an annualized yield of 1.5% and a payout ratio near 56%. Insider transactions included the EVP Neil G. Mitchill Jr. selling approximately 4,850 shares at an average of $180.15, representing a 7.5% reduction in his stake.