AlphaQuest LLC Buys 8,940 Shares of RTX Corporation $RTX

AlphaQuest LLC grew its stake in shares of RTX Corporation (NYSE:RTX) by 526.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,637 shares of the company’s stock after purchasing an additional 8,940 shares during the period. AlphaQuest LLC’s holdings in RTX were worth $1,951,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. Milestone Asset Management Group LLC boosted its stake in shares of RTX by 34.7% in the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after buying an additional 7,738 shares during the last quarter. Truist Financial Corp boosted its stake in shares of RTX by 2.3% in the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after buying an additional 53,045 shares during the last quarter. Wealth Science Advisors LLC purchased a new position in RTX in the fourth quarter valued at approximately $1,439,000. Groupama Asset Managment purchased a new position in RTX in the third quarter valued at approximately $150,078,000. Finally, Oppenheimer & Co. Inc. lifted its stake in RTX by 10.6% in the third quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock valued at $28,648,000 after purchasing an additional 16,467 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on RTX. Wells Fargo & Company began coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective on the stock. Morgan Stanley dropped their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price objective on shares of RTX in a research note on Thursday, March 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. Finally, Jefferies Financial Group dropped their price objective on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.75.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon delivered the first Javelin Lightweight Command Launch Units to the U.S. Army, reinforcing RTX’s role in a key weapons program and supporting future production growth. First Javelin Lightweight Command Launch Units delivered to the U.S. Army
• Positive Sentiment: RTX’s Raytheon was selected by DARPA to continue developing advanced solid rocket motor technology, which could improve missile propulsion scalability and deepen RTX’s long-term defense pipeline. RTX’s Raytheon selected by DARPA to advance composable solid rocket motor technology
• Positive Sentiment: Analysts pointed to RTX’s “modular and software-centric” defense growth story, noting multi-year contracts, rising munitions demand, and a record backlog as reasons the company may keep expanding revenue and margins. RTX Defense Breakthroughs Highlight Modular And Software Centric Growth Story
• Positive Sentiment: A bullish commentary piece argued RTX’s DARPA win and large backlog support a multi-year defense growth thesis, with raised guidance viewed as backed by strong demand and higher production capacity. RTX’s Meltdown Creates Multi-Year Commercial/Defense Winner – Reiterate Buy
• Neutral Sentiment: Additional articles about gaming GPUs and RTX-branded laptops are unrelated to RTX Corporation’s defense business and are unlikely to affect the stock. COLORFUL unveils new 007 First Light themed iGame GeForce RTX 5070 Ultra OC GPU HP’s new RTX 5070 laptop feels like the sweet spot between thin and bulky

RTX Trading Down 1.3%

NYSE:RTX opened at $176.72 on Thursday. The company has a market cap of $237.98 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.54 and a beta of 0.31. The stock’s fifty day moving average price is $187.03 and its two-hundred day moving average price is $188.80. RTX Corporation has a 1 year low of $130.90 and a 1 year high of $214.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The firm 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 business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.73 per share. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 22nd. RTX’s dividend payout ratio (DPR) is currently 54.78%.

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.