Bridgeway Capital Management LLC Sells 3,481 Shares of RTX Corporation $RTX

Bridgeway Capital Management LLC lowered its position in RTX Corporation (NYSE:RTX) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,155 shares of the company’s stock after selling 3,481 shares during the period. RTX comprises about 0.5% of Bridgeway Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Bridgeway Capital Management LLC’s holdings in RTX were worth $24,421,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Align Financial LLC bought a new stake in RTX during the fourth quarter valued at about $2,489,000. Freestone Grove Partners LP grew its holdings in RTX by 292.2% during the fourth quarter. Freestone Grove Partners LP now owns 268,799 shares of the company’s stock valued at $49,298,000 after purchasing an additional 200,260 shares during the period. Guggenheim Capital LLC grew its holdings in RTX by 11.8% during the fourth quarter. Guggenheim Capital LLC now owns 29,944 shares of the company’s stock valued at $5,492,000 after purchasing an additional 3,152 shares during the period. Caisse de depot et placement du Quebec grew its holdings in RTX by 74.1% during the fourth quarter. Caisse de depot et placement du Quebec now owns 499,361 shares of the company’s stock valued at $91,583,000 after purchasing an additional 212,471 shares during the period. Finally, Bank OZK bought a new stake in RTX during the fourth quarter valued at about $211,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE:RTX opened at $192.31 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $258.98 billion, a P/E ratio of 36.08, a P/E/G ratio of 2.65 and a beta of 0.31. RTX Corporation has a 12 month low of $140.47 and a 12 month high of $214.50. The business’s 50-day moving average is $182.44 and its 200 day moving average is $189.41.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities research analysts forecast that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, May 22nd. RTX’s dividend payout ratio (DPR) is currently 54.78%.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX drew investor interest after a new analysis said the stock could be undervalued by about 13% based on annual revenue of $90.4 billion and net income of $7.3 billion, reinforcing the case that the shares may have room to run. RTX (RTX) Stock Could Be 13.2% Undervalued After Revenue Hit US$90.4b
• Positive Sentiment: GM Defense discussions involving RTX and other defense partners suggest potential supply-chain and weapons-stockpile demand tailwinds for RTX’s defense businesses. GM Defense Talks Could Reshape Munitions Supply Chains
• Positive Sentiment: RTX announced plans to invest $100 million in its Raytheon Rhode Island facility, a signal that management is continuing to fund capacity and long-term defense production. RTX to Invest $100 Million in Raytheon Rhode Island Facility
• Neutral Sentiment: RTX’s aircraft interiors business is being highlighted as a growth driver as airlines modernize cabins and upgrade connectivity, but the article is more of a strategic positive than a near-term earnings catalyst. How Is RTX Strengthening Growth via Advanced Aircraft Interiors?
• Neutral Sentiment: Recent market coverage noted RTX outperformed on a down day for the broader market, but the move largely reflects relative strength rather than a new company-specific catalyst. RTX (RTX) Gains As Market Dips: What You Should Know

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company assumed coverage on RTX in a report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target for the company. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday. UBS Group lowered their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Finally, Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One research 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 given a Sell rating to the company. According to MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $211.38.

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.