2,982 Shares in RTX Corporation $RTX Acquired by COFG Advisors LLC

COFG Advisors LLC acquired a new position in RTX Corporation (NYSE:RTX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,982 shares of the company’s stock, valued at approximately $547,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares in the last quarter. United Bank raised its stake in shares of RTX by 68.0% in the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after buying an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of RTX by 3.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after buying an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of RTX in the 2nd quarter worth $5,157,000. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

RTX opened at $174.39 on Tuesday. The stock has a fifty day moving average of $185.52 and a 200-day moving average of $188.78. The firm has a market capitalization of $234.84 billion, a P/E ratio of 32.72, a PEG ratio of 2.55 and a beta of 0.31. RTX Corporation has a 12-month low of $135.43 and a 12-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 released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts forecast that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be issued a $0.73 dividend. The ex-dividend date is Friday, May 22nd. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. RTX’s dividend payout ratio is currently 54.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group dropped their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. DZ Bank downgraded RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Jefferies Financial Group cut their price objective on RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price objective on shares of RTX in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $210.75.

About RTX

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.