Retirement Systems of Alabama Invests $47.78 Million in RTX Corporation $RTX

Retirement Systems of Alabama acquired a new stake in RTX Corporation (NYSE:RTX) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 285,536 shares of the company’s stock, valued at approximately $47,779,000.

Several other hedge funds have also added to or reduced their stakes in RTX. First Citizens Bank & Trust Co. grew its holdings in RTX by 9.5% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 16,382 shares of the company’s stock worth $2,741,000 after acquiring an additional 1,423 shares during the last quarter. Whittier Trust Co. grew its stake in shares of RTX by 2.2% in the third quarter. Whittier Trust Co. now owns 423,166 shares of the company’s stock worth $70,491,000 after purchasing an additional 8,911 shares during the last quarter. Quilter Plc grew its stake in shares of RTX by 4.9% in the third quarter. Quilter Plc now owns 9,848 shares of the company’s stock worth $1,648,000 after purchasing an additional 458 shares during the last quarter. Sawgrass Asset Management LLC increased its holdings in RTX by 5.5% in the third quarter. Sawgrass Asset Management LLC now owns 8,863 shares of the company’s stock valued at $1,483,000 after purchasing an additional 464 shares during the period. Finally, CIBC Asset Management Inc raised its position in RTX by 0.4% during the 3rd quarter. CIBC Asset Management Inc now owns 242,579 shares of the company’s stock worth $40,585,000 after purchasing an additional 1,024 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Sector tailwind — Microsoft’s recent $170M Air Force cloud win highlights accelerating defense modernization and tech spending that could benefit large defense contractors like RTX as the Pentagon increases IT and systems procurement. Top 5 Defense & Aerospace Stocks After Microsoft’s $170M Air Force Win
• Positive Sentiment: Analyst focus and comparisons — Recent analyst pieces comparing RTX with peers (e.g., General Dynamics) and previewing Q4 estimates keep attention on RTX’s fundamentals and upcoming earnings, supporting investor interest. RTX vs. General Dynamics Q4 Earnings Preview
• Positive Sentiment: High investor interest — Coverage noting that RTX is among the most-searched stocks reflects strong retail and institutional attention, which can amplify moves around earnings and news. Investors Heavily Search RTX
• Neutral Sentiment: Brand/noise risk from Nvidia “RTX” stories — Multiple tech stories about Nvidia’s RTX 50-series production cuts, rebate changes, scalper-driven sellouts and scams are unrelated to RTX Corporation but can create search-driven volatility or investor confusion. Monitor headlines for any short-term noise. Report claims Nvidia ended OPP rebates Nvidia cutting RTX 50-series production
• Neutral Sentiment: Retail & media attention — Features asking whether RTX is the best S&P 500 defense stock add visibility but don’t change fundamentals; they may increase short-term trading interest. Is RTX the best defense stock?
• Negative Sentiment: Capital flows risk from European defense strength — A large European defense IPO and strong performance in that market could divert investor capital away from U.S. defense names, creating a potential headwind for RTX’s relative performance. Sell America? What Europe’s Huge IPO Says About U.S. Defense Stocks.

RTX Price Performance

RTX stock opened at $195.91 on Friday. The stock has a market capitalization of $262.67 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 2.86 and a beta of 0.44. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $203.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock’s 50 day moving average price is $182.44 and its two-hundred day moving average price is $168.76.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RTX shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $189.00 price target on shares of RTX in a research report on Tuesday, January 6th. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Bank of America upped their price objective on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $190.00 target price on shares of RTX in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $186.88.

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.