Bollard Group LLC Buys 2,419 Shares of RTX Corporation $RTX

Bollard Group LLC grew its position in shares of RTX Corporation (NYSE:RTXFree Report) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,451 shares of the company’s stock after purchasing an additional 2,419 shares during the period. Bollard Group LLC’s holdings in RTX were worth $5,102,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Navalign LLC purchased a new stake in RTX during the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX during the fourth quarter worth $26,000. Evergreen Advisors LLC bought a new position in RTX during the first quarter valued at $31,000. Core Wealth Advisors LLC purchased a new stake in shares of RTX in the fourth quarter valued at $31,000. Finally, 1 North Wealth Services LLC raised its stake in shares of 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 acquiring an additional 137 shares during the period. 86.50% of the stock is owned by institutional investors.

Key RTX News

Here are the key news stories impacting RTX this week:

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group reissued a “buy” rating on shares of RTX in a research report on Wednesday, July 8th. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.62.

Get Our Latest Research Report on RTX

RTX Stock Up 1.9%

Shares of RTX stock opened at $213.09 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a 1 year low of $150.61 and a 1 year high of $214.89. The firm’s 50-day moving average is $187.08 and its two-hundred day moving average is $192.19. The stock has a market cap of $286.97 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 2.76 and a beta of 0.30.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same quarter in the previous year, the business posted $1.56 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, research analysts expect that RTX Corporation will post 7.18 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. RTX’s payout ratio is 51.41%.

RTX Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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