Trajan Wealth LLC raised its position in RTX Corporation (NYSE:RTX – Free Report) by 63.9% during the fourth quarter, HoldingsChannel reports. The firm owned 18,578 shares of the company’s stock after purchasing an additional 7,246 shares during the period. Trajan Wealth LLC’s holdings in RTX were worth $3,407,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Milestone Asset Management Group LLC raised its holdings in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after acquiring an additional 7,738 shares during the period. Truist Financial Corp raised its holdings in shares of RTX by 2.3% during the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after acquiring an additional 53,045 shares during the period. Wealth Science Advisors LLC purchased a new position in shares of RTX during the 4th quarter worth $1,439,000. Groupama Asset Managment purchased a new position in shares of RTX during the 3rd quarter worth $150,078,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of RTX by 10.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock worth $28,648,000 after acquiring an additional 16,467 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.
RTX News Roundup
Here are the key news stories impacting RTX this week:
- Positive Sentiment: RTX’s BBN Technologies demonstrated PACE4ACE, an auto-switching system that keeps critical data flowing in jammed or fragmented battlefield networks, highlighting the company’s ability to win funded defense R&D work and expand its communications portfolio. RTX’s BBN Technologies unveils auto-switching system that keeps critical data alive
- Positive Sentiment: RTX won an ONR contract to develop multiplexing radar software, adding to recent signs that its software-defined radar efforts could support future Navy and Marine Corps systems and open more defense revenue opportunities. RTX Wins ONR Contract To Develop Multiplexing Radar Software
- Neutral Sentiment: Analyst sentiment remains constructive, with RTX Corporation receiving an average “Moderate Buy” rating from brokerages, which supports the stock but is not a new fundamental catalyst. RTX Corporation (NYSE:RTX) Given Average Rating of “Moderate Buy” by Brokerages
- Neutral Sentiment: Several headlines about “RTX” gaming laptops and GeForce graphics cards reference Nvidia-branded consumer products, not RTX Corporation, so they are unlikely to have a meaningful direct impact on the stock.
RTX Stock Performance
RTX (NYSE:RTX – Get Free Report) last released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts anticipate that RTX Corporation will post 6.91 EPS for the current year.
RTX Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.7%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio is presently 51.03%.
Wall Street Analysts Forecast Growth
RTX has been the topic of several analyst reports. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Sanford C. Bernstein reissued a “market perform” rating and set a $204.00 price objective on shares of RTX in a research report on Thursday, January 29th. UBS Group cut their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Wells Fargo & Company assumed coverage on RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective for the company. Finally, Morgan Stanley cut their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.75.
Check Out Our Latest Stock Report on RTX
Insiders Place Their Bets
In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of RTX stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the transaction, the executive vice president directly owned 16,749 shares of the company’s stock, valued at $3,397,199.67. The trade was a 43.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.
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.
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