General Pension Society PZU Joint Stock Co boosted its stake in RTX Corporation (NYSE:RTX – Free Report) by 23.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,005 shares of the company’s stock after acquiring an additional 33,000 shares during the quarter. RTX accounts for 8.3% of General Pension Society PZU Joint Stock Co’s portfolio, making the stock its 6th largest position. General Pension Society PZU Joint Stock Co’s holdings in RTX were worth $33,758,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the company. BNP Paribas acquired a new stake in shares of RTX in the third quarter valued at approximately $25,000. Navalign LLC bought a new stake in shares of RTX in the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new position in RTX during the fourth quarter worth $26,000. Core Wealth Advisors LLC bought a new position in RTX in the fourth quarter valued at $31,000. Finally, 1 North Wealth Services LLC grew its position in RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.
RTX Stock Up 3.7%
RTX stock opened at $198.88 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The company’s 50-day moving average is $180.10 and its 200-day moving average is $190.62. The firm has a market capitalization of $267.83 billion, a PE ratio of 37.31, a P/E/G ratio of 2.72 and a beta of 0.30. RTX Corporation has a fifty-two week low of $142.98 and a fifty-two week high of $214.50.
RTX Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. RTX’s payout ratio is currently 54.78%.
Analyst Ratings Changes
RTX has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Citigroup restated a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and raised their price target for the company from $210.00 to $220.00 in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.
Get Our Latest Stock Report on RTX
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.
Further Reading
- Five stocks we like better than RTX
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX – Free Report).
Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.
