Townsquare Capital LLC lessened its stake in shares of RTX Corporation (NYSE:RTX – Free Report) by 27.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,583 shares of the company’s stock after selling 5,080 shares during the period. Townsquare Capital LLC’s holdings in RTX were worth $2,491,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in RTX. Brighton Jones LLC increased its stake in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the last quarter. United Bank increased its stake in shares of RTX by 68.0% in the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after purchasing an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in shares of RTX by 3.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock valued at $3,052,000 after purchasing an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of RTX in the 2nd quarter valued at $5,157,000. Institutional investors own 86.50% of the company’s stock.
Analyst Ratings Changes
RTX has been the topic of several recent analyst reports. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Citigroup decreased their price target on RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, UBS Group decreased their price target on RTX from $209.00 to $199.00 and set a “neutral” 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 company. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $211.38.
RTX Trading Down 2.2%
Shares of RTX stock opened at $177.50 on Thursday. The firm has a market capitalization of $239.04 billion, a P/E ratio of 33.30, a P/E/G ratio of 2.57 and a beta of 0.31. RTX Corporation has a twelve month low of $135.43 and a twelve month high of $214.50. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $183.40 and its 200 day simple moving average is $188.93.
RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter 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, sell-side analysts predict that RTX Corporation will post 6.91 EPS for the current fiscal year.
RTX Increases Dividend
The company also recently disclosed 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. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio is presently 54.78%.
Key Stories Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Jefferies upgraded RTX to Buy and raised its target price, signaling improved confidence in margins and growth prospects. Jefferies Upgrades RTX Corporation (RTX) To Buy From Hold
- Positive Sentiment: Collins Aerospace expanded its Malaysia MRO facility, strengthening RTX’s global aerospace services capabilities and adding exposure to recurring aftermarket revenue. RTX’s Collins Aerospace quadruples MRO footprint in Malaysia
- Positive Sentiment: Another report highlighted RTX’s Malaysia expansion as a potential boost to Asia-Pacific cash flow, reinforcing the demand-driven growth story. RTX Malaysia MRO Expansion Adds Asia Pacific Cash Flow Potential
- Positive Sentiment: RTX is also expanding missile-defense production and testing capacity, which supports future defense revenue as demand for air and missile defense systems stays strong. How Is RTX Expanding Missile Defense Production Capacity for Growth?
- Neutral Sentiment: Several gaming-PC and GPU articles referenced RTX-branded products, but these are about Nvidia graphics cards and do not appear to be meaningful catalysts for RTX Corporation’s stock. Walmart Has the Least Expensive GeForce RTX 5070 Ti Prebuilt Gaming PC Ahead of Prime Day
- Negative Sentiment: A news item about U.S. strikes against Iran could raise geopolitical uncertainty, though it is only an indirect watch item for RTX rather than a company-specific negative. U.S. Launches Retaliatory Strikes Against Iran — Defense Stocks, ETFs On Watch
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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