First Growth Capital LLC Invests $969,000 in RTX Corporation $RTX

First Growth Capital LLC purchased a new position in shares of RTX Corporation (NYSE:RTX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,933 shares of the company’s stock, valued at approximately $969,000. RTX accounts for approximately 0.9% of First Growth Capital LLC’s investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. BNP Paribas purchased a new stake in RTX in the 3rd quarter worth approximately $25,000. Navalign LLC purchased a new position in shares of RTX during the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX during the 4th quarter valued at $26,000. Core Wealth Advisors LLC acquired a new position in shares of RTX in the fourth quarter worth $31,000. Finally, 1 North Wealth Services LLC increased 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 worth $31,000 after acquiring an additional 137 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RTX. Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Morgan Stanley lowered their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. UBS Group dropped their target price on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $210.00 to $220.00 in a research note on Thursday, June 4th. Finally, Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $211.38.

RTX Stock Performance

Shares of RTX opened at $186.07 on Friday. The firm has a market cap of $250.58 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.73 and a beta of 0.31. The company’s fifty day moving average is $182.21 and its 200-day moving average is $189.49. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX Corporation has a 12 month low of $140.47 and a 12 month high of $214.50.

RTX (NYSE:RTX) last released its quarterly earnings data 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. The business had revenue of $22.08 billion during 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%. RTX’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently announced 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. This represents a $2.92 annualized dividend and a yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, May 22nd. RTX’s dividend payout ratio is 54.78%.

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.