Townsquare Capital LLC Has $2.49 Million Position in RTX Corporation $RTX

Townsquare Capital LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 27.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,583 shares of the company’s stock after selling 5,080 shares during the quarter. Townsquare Capital LLC’s holdings in RTX were worth $2,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Alpha Cubed Investments LLC lifted its holdings in RTX by 0.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after buying an additional 50 shares during the period. LeConte Wealth Management LLC lifted its holdings in RTX by 2.3% during the 4th quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock worth $412,000 after buying an additional 51 shares during the period. Rydar Equities Inc. lifted its holdings in RTX by 0.4% during the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after buying an additional 52 shares during the period. Schulhoff & Co. Inc. lifted its holdings in RTX by 1.7% during the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after buying an additional 52 shares during the period. Finally, Howard Capital Management Inc. lifted its holdings in RTX by 0.4% during the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after buying an additional 53 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting 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 Stock Down 2.2%

Shares of NYSE:RTX opened at $177.50 on Thursday. The company has a market capitalization of $239.04 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 2.57 and a beta of 0.31. 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 business’s 50-day moving average is $183.40 and its 200-day moving average is $188.93. RTX Corporation has a 1 year low of $135.43 and a 1 year high of $214.50.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (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 for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the previous year, the business earned $1.47 EPS. The firm’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. Equities research analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This is an increase 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 dividend on an annualized basis and a yield of 1.6%. RTX’s dividend payout ratio (DPR) is currently 54.78%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. UBS Group cut their target price on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and lifted their target price for the stock from $210.00 to $220.00 in a report on Thursday, June 4th. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Morgan Stanley dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

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.