Faithward Advisors LLC grew its holdings in RTX Corporation (NYSE:RTX – Free Report) by 333.8% during the 1st quarter, Holdings Channel reports. The fund owned 11,232 shares of the company’s stock after purchasing an additional 8,643 shares during the period. Faithward Advisors LLC’s holdings in RTX were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in RTX. World Investment Advisors boosted its position in RTX by 8.7% in the 4th quarter. World Investment Advisors now owns 62,448 shares of the company’s stock worth $11,453,000 after purchasing an additional 5,020 shares in the last quarter. Milestone Asset Management Group LLC increased its holdings in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after purchasing an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at $2,308,000. Truist Financial Corp lifted its stake in shares of RTX by 2.3% in the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after purchasing an additional 53,045 shares during the period. Finally, Wealth Science Advisors LLC purchased a new stake in RTX during the fourth quarter worth $1,439,000. Institutional investors and hedge funds own 86.50% of the company’s stock.
RTX Stock Performance
RTX opened at $186.67 on Wednesday. RTX Corporation has a twelve month low of $140.47 and a twelve month high of $214.50. The firm has a market capitalization of $251.38 billion, a PE ratio of 35.02, a PEG ratio of 2.58 and a beta of 0.31. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $181.14 and its 200 day moving average price is $189.84.
RTX Increases Dividend
The company also recently disclosed 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. The ex-dividend date was Friday, May 22nd. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio (DPR) is 54.78%.
Analysts Set New Price Targets
RTX has been the topic of several analyst reports. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Weiss Ratings lowered shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wells Fargo & Company assumed coverage on RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price on the stock. Morgan Stanley cut their price target on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, UBS Group lowered 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. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $211.38.
Check Out Our Latest Report on RTX
Trending Headlines about RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Analysts and industry commentary highlighted RTX as a beneficiary of rising defense budgets, record backlogs, and ongoing growth opportunities versus peers like General Dynamics, which can support investor confidence in the company’s long-term earnings outlook. RTX vs. General Dynamics: Which Defense Contractor Offers More Upside?
- Positive Sentiment: Separate coverage pointed to RTX expanding connected aviation capabilities through avionics, communications, and data-management technologies, underscoring demand in its aerospace businesses. How Is RTX Advancing Connectivity Across Modern Aviation Systems?
- Neutral Sentiment: RTX agreed to sell Blue Canyon Technologies to MDA Space, a portfolio move that may sharpen focus on core defense and space programs but is not a major immediate earnings catalyst. RTX (RTX) Sells Blue Canyon As China Export Curbs Add Supply Risk
- Negative Sentiment: The same article flagged new Chinese export controls on rare earths and defense-related materials, which could add supply-chain and sourcing pressure for RTX and other U.S. defense contractors. RTX (RTX) Sells Blue Canyon As China Export Curbs Add Supply Risk
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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