Eurizon Capital SGR S.p.A. Makes New $30.31 Million Investment in RTX Corporation $RTX

Eurizon Capital SGR S.p.A. purchased a new position in RTX Corporation (NYSE:RTX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 165,203 shares of the company’s stock, valued at approximately $30,313,000.

Several other hedge funds have also recently made changes to their positions in RTX. BNP Paribas purchased a new position in shares of RTX during the third quarter valued at approximately $25,000. Navalign LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in shares of RTX during the third quarter valued at approximately $30,000. Wexford Capital LP purchased a new position in shares of RTX during the third quarter valued at approximately $33,000. Finally, Dogwood Wealth Management LLC increased its stake in shares of RTX by 57.3% during the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wolfe Research reissued an “outperform” rating on shares of RTX in a research note on Wednesday, February 4th. Jefferies Financial Group reduced their target price on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. DZ Bank cut RTX from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Finally, Melius Research raised 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, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $210.75.

RTX Price Performance

Shares of RTX stock opened at $179.16 on Friday. The stock has a market cap of $241.27 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 2.55 and a beta of 0.31. The business’s fifty day moving average is $186.04 and its 200 day moving average is $188.74. RTX Corporation has a twelve month low of $131.90 and a twelve month high of $214.50. 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 (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.26. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 1.6%. RTX’s payout ratio is currently 54.78%.

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.