Center For Asset Management LLC Purchases Shares of 4,539 RTX Corporation $RTX

Center For Asset Management LLC purchased a new position in shares of RTX Corporation (NYSE:RTX) during the first quarter, Holdings Channel.com reports. The firm purchased 4,539 shares of the company’s stock, valued at approximately $876,000.

Several other hedge funds also recently modified their holdings of RTX. Alpha Cubed Investments LLC boosted its stake in RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after acquiring an additional 50 shares in the last quarter. LeConte Wealth Management LLC increased its stake in RTX by 2.3% in the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after purchasing an additional 51 shares in the last quarter. Rydar Equities Inc. raised its holdings in shares of RTX by 0.4% during the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after purchasing an additional 52 shares during the period. Schulhoff & Co. Inc. boosted its position in shares of RTX by 1.7% during the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after purchasing an additional 52 shares in the last quarter. Finally, Howard Capital Management Inc. boosted its position in shares of RTX by 0.4% during the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RTX. UBS Group decreased their target price on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Citigroup reiterated a “buy” rating on shares of RTX in a report on Wednesday. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $211.38.

RTX Stock Performance

Shares of RTX stock opened at $186.07 on Monday. RTX Corporation has a 52 week low of $140.47 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. The business has a 50 day moving average price of $181.86 and a 200-day moving average price of $189.62. The company has a market cap of $250.58 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.31.

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

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is presently 54.78%.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Analysts and market commentary highlighted RTX as a possible beneficiary of surging European defense spending, reinforcing the company’s role as a major aerospace and defense supplier. How to Invest in the Biggest European Defense Surge in Decades (RTX)
• Positive Sentiment: A separate defense-industry piece warned that the U.S. needs more munitions and that deliveries are years behind, which could support long-term demand for RTX’s defense and missile-related businesses. U.S. Military Expert Issues Grave Warning: ‘We Need More Munitions and Deliveries Are Years Behind.’ What Stocks Can Benefit?
• Positive Sentiment: Technical and valuation-focused coverage suggested RTX has established a new price floor and may be undervalued, which can encourage buying interest. RTX (RTX) Stock Could Be 13.2% Undervalued After Revenue Hit US$90.4b
• Neutral Sentiment: Several articles referenced NVIDIA’s RTX branding, high-end GPUs, or consumer laptop pricing, but these appear unrelated to RTX Corporation’s defense/aerospace operations and are unlikely to materially affect the stock.
• Negative Sentiment: Recent trading-session coverage noted RTX shares slipped in the prior session, showing some near-term volatility despite the broader defense backdrop. RTX (RTX) Stock Declines While Market Improves: Some Information for Investors

RTX 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.