Legal & General Group Plc Has $1.28 Billion Stock Holdings in RTX Corporation $RTX

Legal & General Group Plc cut its position in shares of RTX Corporation (NYSE:RTX) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,981,268 shares of the company’s stock after selling 186,233 shares during the quarter. Legal & General Group Plc owned 0.52% of RTX worth $1,280,365,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Milestone Asset Management Group LLC lifted its stake in RTX by 34.7% during the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after purchasing an additional 7,738 shares during the period. Truist Financial Corp lifted its stake in RTX by 2.3% during the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after purchasing an additional 53,045 shares during the period. Wealth Science Advisors LLC bought a new position in RTX during the fourth quarter worth about $1,439,000. Groupama Asset Managment bought a new position in RTX during the third quarter worth about $150,078,000. Finally, Oppenheimer & Co. Inc. lifted its stake in RTX by 10.6% during the third quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock worth $28,648,000 after purchasing an additional 16,467 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

RTX stock opened at $177.06 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The company has a 50 day moving average price of $188.64 and a 200 day moving average price of $188.74. RTX Corporation has a fifty-two week low of $130.90 and a fifty-two week high of $214.50. The stock has a market capitalization of $238.45 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.51 and a beta of 0.31.

RTX (NYSE:RTX) last posted its quarterly earnings data 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. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the previous year, the company posted $1.47 EPS. RTX’s revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be given a $0.73 dividend. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio is presently 51.03%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada lifted their target price on shares of RTX from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $204.00 target price on shares of RTX in a research note on Thursday, January 29th. Finally, Morgan Stanley cut their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $210.75.

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.