47,836 Shares in RTX Corporation $RTX Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in RTX Corporation (NYSE:RTXFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,836 shares of the company’s stock, valued at approximately $9,228,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. World Investment Advisors raised its position in RTX by 8.7% during the 4th quarter. World Investment Advisors now owns 62,448 shares of the company’s stock valued at $11,453,000 after purchasing an additional 5,020 shares in the last quarter. Milestone Asset Management Group LLC grew its position in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after buying an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of RTX during the 4th quarter worth $2,308,000. Truist Financial Corp increased its stake in shares of RTX by 2.3% during the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after buying an additional 53,045 shares during the period. Finally, Wealth Science Advisors LLC purchased a new position in shares of RTX during the fourth quarter valued at $1,439,000. 86.50% of the stock is currently owned by institutional investors.

Key RTX News

Here are the key news stories impacting RTX this week:

Analyst Ratings Changes

RTX has been the subject of a number of research reports. Weiss Ratings lowered shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley reduced their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $211.38.

Get Our Latest Report on RTX

RTX Stock Down 0.2%

Shares of RTX stock opened at $198.88 on Friday. RTX Corporation has a 1-year low of $142.98 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 company has a market cap of $267.83 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.30. The stock’s fifty day moving average price is $180.46 and its 200 day moving average price is $190.67.

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

RTX Announces Dividend

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

About RTX

(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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