HB Wealth Management LLC Raises Stake in RTX Corporation $RTX

HB Wealth Management LLC grew its position in RTX Corporation (NYSE:RTXFree Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,866 shares of the company’s stock after purchasing an additional 3,189 shares during the quarter. HB Wealth Management LLC’s holdings in RTX were worth $31,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTX. World Investment Advisors grew its stake in RTX by 8.7% during the fourth quarter. World Investment Advisors now owns 62,448 shares of the company’s stock valued at $11,453,000 after acquiring an additional 5,020 shares in the last quarter. Milestone Asset Management Group LLC lifted its stake in 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 purchasing an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in RTX in the 4th quarter worth $2,308,000. Truist Financial Corp boosted its holdings in shares of RTX by 2.3% during the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after purchasing an additional 53,045 shares during the last quarter. Finally, Wealth Science Advisors LLC bought a new position in shares of RTX during the 4th quarter valued at about $1,439,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Down 0.2%

Shares of RTX opened at $198.88 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $180.46 and a 200 day moving average of $190.67. The company has a market cap of $267.83 billion, a PE ratio of 37.31, a P/E/G ratio of 2.82 and a beta of 0.30. RTX Corporation has a 52-week low of $142.98 and a 52-week high of $214.50.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Dividend Announcement

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

Analyst Ratings Changes

RTX has been the topic of several research reports. Wells Fargo & Company began coverage on RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price on the stock. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and increased their price target for the company from $210.00 to $220.00 in a research note on Thursday, June 4th. UBS Group cut their price target on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Morgan Stanley reduced 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. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.38.

Read Our Latest Stock Report on RTX

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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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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