HB Wealth Management LLC Boosts Stock Position in RTX Corporation $RTX

HB Wealth Management LLC raised its holdings in RTX Corporation (NYSE:RTXFree Report) by 2.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 163,866 shares of the company’s stock after buying an additional 3,189 shares during the period. HB Wealth Management LLC’s holdings in RTX were worth $31,610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BNP Paribas purchased a new stake in shares of RTX during the third quarter valued at $25,000. Navalign LLC bought a new position in shares of RTX in the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX in the 4th quarter worth about $26,000. Core Wealth Advisors LLC purchased a new position in RTX in the 4th quarter worth about $31,000. Finally, 1 North Wealth Services LLC lifted its holdings in RTX by 456.7% during 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 in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on RTX. Morgan Stanley lowered their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $210.00 to $220.00 in a research note on Thursday, June 4th. UBS Group lowered their price target on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $211.38.

Check Out Our Latest Stock Analysis on RTX

Key RTX News

Here are the key news stories impacting RTX this week:

RTX Stock Performance

RTX opened at $198.88 on Friday. The firm’s 50-day moving average price is $180.46 and its 200-day moving average price is $190.67. The company has a market cap of $267.83 billion, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.30. RTX Corporation has a 52-week low of $142.98 and a 52-week 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:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating 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 business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the previous year, the business posted $1.47 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio (DPR) is currently 54.78%.

RTX Company 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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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