VCI Wealth Management LLC bought a new stake in RTX Corporation (NYSE:RTX – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,421 shares of the company’s stock, valued at approximately $2,975,000. RTX comprises approximately 0.8% of VCI Wealth Management LLC’s portfolio, making the stock its 25th largest holding.
A number of other large investors have also bought and sold shares of RTX. BNP Paribas acquired a new position in RTX in the third quarter worth $25,000. Navalign LLC bought a new stake in RTX during the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in RTX in the 4th quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new position in shares of RTX during the fourth quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC grew its stake 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 valued at $31,000 after purchasing an additional 137 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.
Key RTX News
Here are the key news stories impacting RTX this week:
- Positive Sentiment: RTX’s board declared a quarterly cash dividend of 73 cents per share, reinforcing its shareholder-return profile and signaling management confidence in cash generation. RTX Board of Directors Declares Quarterly Cash Dividend
- Positive Sentiment: Raytheon, an RTX business, won a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles, adding to backlog and highlighting continued demand from the U.S. military and allied nations. RTX’s Raytheon awarded $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles
- Positive Sentiment: Several recent articles continued to frame RTX as a long-term growth and defense beneficiary, which can support investor sentiment even without a new operational catalyst. Why RTX (RTX) is a Top Growth Stock for the Long-Term
RTX Stock Up 0.7%
RTX (NYSE:RTX – Get Free Report) last released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts predict that RTX Corporation will post 6.91 EPS for the current year.
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 paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is 54.78%.
Analysts Set New Price Targets
Several research firms have issued reports on RTX. Wells Fargo & Company assumed coverage on RTX in a report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $211.38.
View Our Latest Stock Report on RTX
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.
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