Associated Banc Corp Sells 184,470 Shares of RTX Corporation $RTX

Associated Banc Corp lowered its stake in shares of RTX Corporation (NYSE:RTX) by 51.4% in the first quarter, Holdings Channel reports. The firm owned 174,555 shares of the company’s stock after selling 184,470 shares during the period. RTX comprises about 0.9% of Associated Banc Corp’s holdings, making the stock its 28th biggest position. Associated Banc Corp’s holdings in RTX were worth $33,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. United Bank raised its stake in shares of RTX by 5.4% in the 1st quarter. United Bank now owns 13,435 shares of the company’s stock valued at $2,592,000 after buying an additional 694 shares in the last quarter. Diversify Wealth Management LLC increased its stake in RTX by 48.2% in the first quarter. Diversify Wealth Management LLC now owns 45,522 shares of the company’s stock valued at $8,781,000 after acquiring an additional 14,798 shares during the period. Towercrest Capital Management acquired a new position in RTX in the first quarter worth about $226,000. Valmark Advisers Inc. lifted its stake in RTX by 7.7% during the first quarter. Valmark Advisers Inc. now owns 12,706 shares of the company’s stock worth $2,451,000 after purchasing an additional 913 shares during the period. Finally, Pittenger & Anderson Inc. boosted its holdings in RTX by 27.4% during the first quarter. Pittenger & Anderson Inc. now owns 147,202 shares of the company’s stock valued at $28,395,000 after purchasing an additional 31,691 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX stock traded up $0.61 during trading on Friday, reaching $195.81. The company’s stock had a trading volume of 2,821,542 shares, compared to its average volume of 4,648,892. The stock has a 50-day moving average price of $182.73 and a two-hundred day moving average price of $191.30. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. RTX Corporation has a one year low of $143.56 and a one year high of $214.50. The stock has a market capitalization of $263.69 billion, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 2.68 and a beta of 0.30.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. 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 6.92 EPS for the current fiscal year.

RTX Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RTX. Weiss Ratings lowered 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 research report on Wednesday, June 10th. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. One 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 company’s stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.38.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX was highlighted in multiple industry outlook pieces as a beneficiary of strong aerospace-defense tailwinds, including rising defense spending, aviation demand, and ongoing strategic initiatives. Zacks Industry Outlook Highlights GE Aerospace, RTX and General Dynamics
• Positive Sentiment: The company’s Raytheon unit is expanding European missile production with NATO and Diehl Defence, including efforts to boost Stinger output and strengthen the supply chain, which could support future defense revenue. RTX (RTX) Expands European Missile Production With NATO And Diehl Defence
• Positive Sentiment: Collins Aerospace opened a UK Engineering Center of Excellence to advance next-generation aircraft systems, underscoring RTX’s investment in higher-margin aerospace technologies and innovation. RTX’s Collins Aerospace opens UK Engineering Center of Excellence to advance next-generation aircraft systems
• Positive Sentiment: Zacks also said RTX has a strong earnings-surprise track record and the right setup to potentially beat consensus in its next quarterly report, which can boost investor sentiment ahead of results. Why RTX (RTX) Could Beat Earnings Estimates Again
• Neutral Sentiment: RTX was also mentioned in additional aerospace-defense stock roundup articles, reinforcing the view that the sector remains attractive, though these pieces did not provide company-specific new catalysts. 3 Aerospace-Defense Stocks to Buy Amid Strong Industry Tailwinds
• Negative Sentiment: RTX was reported to have fallen more than the broader market in the prior session, suggesting some near-term volatility or profit-taking after a strong run. RTX (RTX) Registers a Bigger Fall Than the Market: Important Facts to Note

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.