Focus Partners Advisor Solutions LLC lowered its stake in shares of RTX Corporation (NYSE:RTX – Free Report) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,957 shares of the company’s stock after selling 3,471 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in RTX were worth $5,494,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Alpha Cubed Investments LLC grew its stake in RTX by 0.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after purchasing an additional 50 shares during the period. LeConte Wealth Management LLC grew its stake in RTX by 2.3% in the 4th quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after purchasing an additional 51 shares during the period. Rydar Equities Inc. grew its stake in RTX by 0.4% in the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after purchasing an additional 52 shares during the period. Schulhoff & Co. Inc. grew its stake in RTX by 1.7% in the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock valued at $585,000 after purchasing an additional 52 shares during the period. Finally, Howard Capital Management Inc. grew its stake in RTX by 0.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after purchasing an additional 53 shares during the period. Institutional investors own 86.50% of the company’s stock.
RTX Stock Performance
NYSE:RTX opened at $181.54 on Wednesday. The business’s 50-day moving average price is $183.59 and its two-hundred day moving average price is $188.89. RTX Corporation has a twelve month low of $135.43 and a twelve month high of $214.50. The stock has a market cap of $244.48 billion, a P/E ratio of 34.06, a PEG ratio of 2.53 and a beta of 0.31. 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 Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s dividend 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, citing improving profit margins and growth prospects. Jefferies Upgrades RTX Corporation (RTX) To Buy From Hold
- Positive Sentiment: RTX’s Raytheon unit is investing $100 million to expand missile-defense production and radar-testing capacity in Rhode Island, a sign of strong demand for LTAMDS and Patriot components. RTX invests $100 million to accelerate radar testing and interceptor production in Rhode Island
- Positive Sentiment: Collins Aerospace, an RTX business, expanded its Malaysia MRO facility with a $63 million investment, quadrupling footprint to meet growing commercial aviation maintenance demand. RTX’s Collins Aerospace quadruples MRO footprint in Malaysia
- Positive Sentiment: RTX also won a roughly $1.02 billion air-defense contract for NASAMS fire units, adding long-term revenue visibility for the defense segment. RTX Wins A Billion-Dollar Air Defense Contract With Long-Term Visibility
- Neutral Sentiment: Recent headlines about U.S. strikes against Iran may keep defense stocks like RTX in focus, but the direct impact on RTX’s fundamentals is not yet clear. U.S. Launches Retaliatory Strikes Against Iran — Defense Stocks, ETFs On Watch
- Neutral Sentiment: RTX shares also recently slipped on a broader market basis, even as the company’s defense backlog and expansion plans remained intact. RTX (RTX) Stock Declines While Market Improves: Some Information for Investors
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on RTX. UBS Group dropped their price target on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $210.00 to $220.00 in a research report on Thursday, June 4th. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Wells Fargo & Company began coverage on RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $211.38.
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.
Further Reading
- Five stocks we like better than RTX
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
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.
