Hantz Financial Services Inc. Cuts Stock Position in RTX Corporation $RTX

Hantz Financial Services Inc. lessened its holdings in RTX Corporation (NYSE:RTX – Free Report) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,527 shares of the company’s stock after selling 12,785 shares during the period. Hantz Financial Services Inc.’s holdings in RTX were worth $12,568,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RTX. BNP Paribas bought a new stake in shares of RTX in the 3rd quarter worth about $25,000. Navalign LLC bought a new position in shares of RTX in the 4th quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in RTX in the third quarter worth about $30,000. Wexford Capital LP purchased a new position in RTX in the third quarter worth about $33,000. Finally, Dogwood Wealth Management LLC increased its stake in RTX by 57.3% during the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Get RTX alerts:

RTX Trading Up 0.0%

Shares of RTX stock opened at $177.06 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX Corporation has a fifty-two week low of $130.90 and a fifty-two week high of $214.50. The firm’s 50 day moving average price is $188.64 and its two-hundred day moving average price is $188.74. The stock has a market cap of $238.45 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 2.51 and a beta of 0.31.

RTX (NYSE:RTX – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, analysts anticipate that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently disclosed 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. This represents a $2.92 annualized dividend and a yield of 1.6%. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s dividend payout ratio is 51.03%.

Analyst Upgrades and Downgrades

RTX has been the subject of several analyst reports. UBS Group lowered their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Wolfe Research restated an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company started coverage on shares of RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $210.75.

Get Our Latest Research Report on RTX

About RTX

(Free Report)

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.

See Also

• Five stocks we like better than RTX
• The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
• 3 Rare Earth Stocks That Win No Matter What China Does Next
• Amylyx Stock: Why the Full Pipeline Story Matters
• Palantir and Dell Build an AI OS for the Paranoid

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX – Free Report).

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.