General American Investors Co. Inc. Has $28.93 Million Stock Position in RTX Corporation $RTX

General American Investors Co. Inc. grew its position in RTX Corporation (NYSE:RTXFree Report) by 27.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,000 shares of the company’s stock after acquiring an additional 32,200 shares during the quarter. RTX accounts for about 1.9% of General American Investors Co. Inc.’s holdings, making the stock its 17th largest position. General American Investors Co. Inc.’s holdings in RTX were worth $28,935,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RTX. BNP Paribas acquired a new position in shares of RTX in the third quarter valued at $25,000. Navalign LLC acquired a new stake in RTX during the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new stake in RTX during the fourth quarter worth $26,000. Core Wealth Advisors LLC bought a new stake in RTX in the 4th quarter valued at $31,000. Finally, 1 North Wealth Services LLC increased its holdings in RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Jefferies Financial Group reissued a “buy” rating on shares of RTX in a research report on Wednesday. Weiss Ratings cut shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wells Fargo & Company began 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. Finally, Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average target price of $211.38.

View Our Latest Analysis on RTX

RTX Price Performance

NYSE RTX traded up $0.61 during trading hours on Friday, reaching $195.81. 2,821,542 shares of the company’s stock were exchanged, compared to its average volume of 4,648,892. The stock has a market cap of $263.69 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 2.68 and a beta of 0.30. RTX Corporation has a one year low of $143.56 and a one year high of $214.50. The firm has a fifty day moving average of $182.73 and a 200-day moving average of $191.30. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s revenue for the quarter 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. On average, equities research analysts predict that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is currently 54.78%.

Trending Headlines about RTX

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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.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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