QRG Capital Management Inc. Buys 4,996 Shares of RTX Corporation $RTX

QRG Capital Management Inc. boosted its position in shares of RTX Corporation (NYSE:RTXFree Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,926 shares of the company’s stock after buying an additional 4,996 shares during the quarter. QRG Capital Management Inc.’s holdings in RTX were worth $36,830,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. World Investment Advisors raised its holdings in RTX by 8.7% during the 4th quarter. World Investment Advisors now owns 62,448 shares of the company’s stock worth $11,453,000 after purchasing an additional 5,020 shares during the last quarter. Milestone Asset Management Group LLC boosted its stake in shares of RTX by 34.7% in the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after purchasing an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $2,308,000. Truist Financial Corp grew its position in shares of RTX by 2.3% during the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after buying an additional 53,045 shares during the period. Finally, Wealth Science Advisors LLC bought a new stake in shares of RTX during the fourth quarter worth approximately $1,439,000. 86.50% of the stock is currently owned by institutional investors.

RTX News Roundup

Here are the key news stories impacting RTX this week:

RTX Stock Down 0.2%

RTX stock opened at $198.88 on Friday. The firm has a market capitalization of $267.83 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.82 and a beta of 0.30. The company’s 50 day simple moving average is $180.46 and its 200 day simple moving average is $190.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. RTX Corporation has a fifty-two week low of $142.98 and a fifty-two week high of $214.50.

RTX (NYSE:RTXGet Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 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 net margin of 8.03% and a return on equity of 13.50%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts anticipate that RTX Corporation will post 6.91 EPS for the current year.

RTX Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group reduced their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company initiated coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target on the stock. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and upped their price objective for the company from $210.00 to $220.00 in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average target price of $211.38.

Get Our Latest Research Report on RTX

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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