RTX Corporation $RTX Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in RTX Corporation (NYSE:RTX) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,827 shares of the company’s stock after acquiring an additional 8,781 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in RTX were worth $83,415,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Milestone Asset Management Group LLC increased its stake in RTX by 34.7% in the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after purchasing an additional 7,738 shares during the last quarter. Truist Financial Corp increased its stake in RTX by 2.3% in the fourth 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. 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, New Age Alpha Advisors LLC purchased a new position in RTX in the fourth quarter valued at approximately $2,308,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $179.16 on Friday. The firm’s fifty day moving average price is $186.04 and its 200 day moving average price is $188.74. RTX Corporation has a 1-year low of $131.90 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. The firm has a market cap of $241.27 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.55 and a beta of 0.31.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter last year, the company earned $1.47 earnings per share. RTX’s quarterly 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s dividend payout ratio is 54.78%.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Wells Fargo & Company initiated coverage on shares of RTX in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective on the stock. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Citigroup lowered their price objective on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Finally, Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.75.

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.