Greenspring Advisors LLC acquired a new position in shares of RTX Corporation (NYSE:RTX – Free Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,231 shares of the company’s stock, valued at approximately $593,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas acquired a new stake in shares of RTX during the third quarter worth $25,000. Navalign LLC acquired a new stake in shares of RTX during the fourth quarter worth $25,000. Core Wealth Advisors LLC acquired a new stake in shares of RTX during the fourth quarter worth $31,000. Wexford Capital LP acquired a new stake in shares of RTX during the third quarter worth $33,000. Finally, Dogwood Wealth Management LLC raised its holdings in shares of 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 period. 86.50% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently commented on RTX. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. UBS Group lowered their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. DZ Bank lowered shares of RTX from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Morgan Stanley lowered their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.
RTX Stock Performance
Shares of RTX opened at $179.61 on Friday. The firm has a 50-day moving average of $184.32 and a 200-day moving average of $188.77. RTX Corporation has a one year low of $135.43 and a one year high of $214.50. The company has a market cap of $241.87 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 2.45 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78.
RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter last year, the firm posted $1.47 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts forecast that RTX Corporation will post 6.91 earnings per share for the current year.
RTX Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be given a $0.73 dividend. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. RTX’s payout ratio is 54.78%.
RTX News Summary
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Jefferies upgraded RTX to Buy from Hold and raised its price target to $220 from $210, citing improving margins, strength in commercial aerospace engine aftermarket demand, and continued defense-business momentum. Article Title
- Positive Sentiment: RTX’s Raytheon unit won a $515 million U.S. Navy contract for SPY-6 radar systems, expanding deployment across the fleet and allied governments and underscoring demand for its defense electronics and sensors business. Article Title
- Positive Sentiment: RTX is also expanding landing gear production through a new Poland facility as Collins Aerospace boosts capacity to meet rising aircraft demand, supporting its aerospace growth story. Article Title
- Neutral Sentiment: Additional coverage highlighted RTX as a strong momentum stock and reiterated the SPY-6 contract, but these pieces mainly echoed already positive catalysts rather than adding new information. Article Title
About RTX
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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