EJMK Ventures LLC Invests $597,000 in RTX Corporation $RTX

EJMK Ventures LLC purchased a new position in RTX Corporation (NYSE:RTXFree Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,255 shares of the company’s stock, valued at approximately $597,000.

A number of other large investors have also made changes to their positions in the stock. BNP Paribas purchased a new position in RTX in the 3rd quarter valued at about $25,000. Navalign LLC purchased a new stake in RTX in the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX during the 4th quarter worth $26,000. Core Wealth Advisors LLC acquired a new stake in shares of RTX during the fourth quarter worth $31,000. Finally, 1 North Wealth Services LLC boosted its holdings in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Wells Fargo & Company started coverage on shares of RTX in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of RTX in a report on Wednesday. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 target price on shares of RTX in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

Get Our Latest Research Report on RTX

RTX Trading Up 0.3%

Shares of RTX stock opened at $186.07 on Friday. 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 $140.47 and a fifty-two week high of $214.50. The firm’s 50 day moving average price is $181.86 and its two-hundred day moving average price is $189.46. The stock has a market cap of $250.58 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.31.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings results 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. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the prior year, the company earned $1.47 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were given a dividend of $0.73 per share. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio is presently 54.78%.

RTX Profile

(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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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