SHP Wealth Management acquired a new stake in RTX Corporation (NYSE:RTX – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,080 shares of the company’s stock, valued at approximately $1,115,000.
Other hedge funds also recently made changes to their positions in the company. Navalign LLC acquired a new stake in RTX during the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of RTX in the fourth quarter valued at about $26,000. BNP Paribas bought a new position in RTX in the 3rd quarter valued at about $25,000. Core Wealth Advisors LLC bought a new position in shares of RTX during the fourth quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC lifted 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 buying an additional 137 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Analysts and market commentary highlighted RTX as a possible beneficiary of surging European defense spending, reinforcing the company’s role as a major aerospace and defense supplier. How to Invest in the Biggest European Defense Surge in Decades (RTX)
- Positive Sentiment: A separate defense-industry piece warned that the U.S. needs more munitions and that deliveries are years behind, which could support long-term demand for RTX’s defense and missile-related businesses. U.S. Military Expert Issues Grave Warning: ‘We Need More Munitions and Deliveries Are Years Behind.’ What Stocks Can Benefit?
- Positive Sentiment: Technical and valuation-focused coverage suggested RTX has established a new price floor and may be undervalued, which can encourage buying interest. RTX (RTX) Stock Could Be 13.2% Undervalued After Revenue Hit US$90.4b
- Neutral Sentiment: Several articles referenced NVIDIA’s RTX branding, high-end GPUs, or consumer laptop pricing, but these appear unrelated to RTX Corporation’s defense/aerospace operations and are unlikely to materially affect the stock.
- Negative Sentiment: Recent trading-session coverage noted RTX shares slipped in the prior session, showing some near-term volatility despite the broader defense backdrop. RTX (RTX) Stock Declines While Market Improves: Some Information for Investors
RTX Stock Up 0.3%
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities research analysts anticipate that RTX Corporation will post 6.91 EPS for the current fiscal year.
RTX Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were given a $0.73 dividend. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, May 22nd. RTX’s dividend payout ratio (DPR) is 54.78%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on RTX. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $210.00 to $220.00 in a research report on Thursday, June 4th. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price objective on shares of RTX in a report on Thursday, March 5th. Finally, Morgan Stanley reduced their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $211.38.
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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