Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. purchased a new position in RTX Corporation (NYSE:RTX – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,122 shares of the company’s stock, valued at approximately $4,057,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of RTX. Brighton Jones LLC increased its holdings in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC increased its holdings in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares during the period. United Bank increased its holdings in RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after purchasing an additional 4,131 shares during the period. Schnieders Capital Management LLC. increased its holdings in RTX by 3.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after purchasing an additional 623 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in RTX during the 2nd quarter worth $5,157,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.
RTX Stock Down 2.2%
Shares of NYSE RTX opened at $177.50 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $239.04 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.31. The stock’s fifty day simple moving average is $183.40 and its two-hundred day simple moving average is $188.93. RTX Corporation has a 12-month low of $135.43 and a 12-month high of $214.50.
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 a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.6%. RTX’s payout ratio is 54.78%.
Analyst Upgrades and Downgrades
RTX has been the topic of several research reports. Morgan Stanley reduced their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Citigroup reduced their price objective on RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price objective on shares of RTX in a report on Thursday, March 5th. Finally, Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $210.00 to $220.00 in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.38.
Read Our Latest Research Report on RTX
Trending Headlines about RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Jefferies upgraded RTX to Buy and raised its target price, signaling improved confidence in margins and growth prospects. Jefferies Upgrades RTX Corporation (RTX) To Buy From Hold
- Positive Sentiment: Collins Aerospace expanded its Malaysia MRO facility, strengthening RTX’s global aerospace services capabilities and adding exposure to recurring aftermarket revenue. RTX’s Collins Aerospace quadruples MRO footprint in Malaysia
- Positive Sentiment: Another report highlighted RTX’s Malaysia expansion as a potential boost to Asia-Pacific cash flow, reinforcing the demand-driven growth story. RTX Malaysia MRO Expansion Adds Asia Pacific Cash Flow Potential
- Positive Sentiment: RTX is also expanding missile-defense production and testing capacity, which supports future defense revenue as demand for air and missile defense systems stays strong. How Is RTX Expanding Missile Defense Production Capacity for Growth?
- Neutral Sentiment: Several gaming-PC and GPU articles referenced RTX-branded products, but these are about Nvidia graphics cards and do not appear to be meaningful catalysts for RTX Corporation’s stock. Walmart Has the Least Expensive GeForce RTX 5070 Ti Prebuilt Gaming PC Ahead of Prime Day
- Negative Sentiment: A news item about U.S. strikes against Iran could raise geopolitical uncertainty, though it is only an indirect watch item for RTX rather than a company-specific negative. U.S. Launches Retaliatory Strikes Against Iran — Defense Stocks, ETFs On Watch
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.
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