Howard Bailey Securities LLC Sells 3,935 Shares of RTX Corporation $RTX

Howard Bailey Securities LLC lessened its holdings in shares of RTX Corporation (NYSE:RTX) by 62.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,344 shares of the company’s stock after selling 3,935 shares during the quarter. Howard Bailey Securities LLC’s holdings in RTX were worth $430,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Navalign LLC bought a new stake in shares of RTX during the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX during the 4th quarter valued at about $26,000. BNP Paribas bought a new stake in shares of RTX during the 3rd quarter valued at about $25,000. Core Wealth Advisors LLC bought a new stake in shares of RTX during the 4th quarter valued at about $31,000. Finally, Wexford Capital LP bought a new stake in shares of RTX during the 3rd quarter valued at about $33,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of NYSE RTX opened at $178.51 on Tuesday. The stock has a market cap of $240.39 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 2.57 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. RTX Corporation has a 1-year low of $135.43 and a 1-year high of $214.50. The stock’s 50-day moving average is $183.75 and its 200 day moving average is $188.84.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts anticipate that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

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

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit said it will invest $100 million to expand its Portsmouth, Rhode Island facility, boosting LTAMDS radar testing capacity and Patriot GEM-T component production. The project is also expected to add about 150 high-tech jobs and supports rising missile-defense demand. RTX invests $100 million to accelerate radar testing and interceptor production in Rhode Island
• Positive Sentiment: RTX also highlighted a separate $1.02 billion NASAMS air-defense contract, reinforcing strong long-term demand for its missile-defense systems and improving visibility for future revenue. RTX Wins A Billion-Dollar Air Defense Contract With Long-Term Visibility
• Neutral Sentiment: Market commentary noted that RTX stock has been declining while the broader market improved, suggesting investors may be taking profits or reacting to broader portfolio rotation rather than a major new company-specific setback. RTX Stock Declines While Market Improves: Some Information for Investors
• Negative Sentiment: Reuters reported that ITA Airways is considering a lawsuit over Pratt & Whitney engine problems, which could keep attention on RTX’s aftermarket engine issues and create legal or repair-cost overhang. Italy’s ITA Airways weighs lawsuit over Pratt & Whitney engine faults

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $210.00 to $220.00 in a report on Thursday. Finally, UBS Group decreased their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $211.38.

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.