Signal Advisors Wealth LLC raised its position in RTX Corporation (NYSE:RTX – Free Report) by 398.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,775 shares of the company’s stock after purchasing an additional 9,412 shares during the period. Signal Advisors Wealth LLC’s holdings in RTX were worth $2,271,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. World Investment Advisors lifted its stake in RTX by 8.7% in the 4th quarter. World Investment Advisors now owns 62,448 shares of the company’s stock valued at $11,453,000 after buying an additional 5,020 shares in the last quarter. Milestone Asset Management Group LLC increased its position in RTX by 34.7% during the fourth 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 purchased a new position in RTX during the fourth quarter worth $2,308,000. Truist Financial Corp raised its holdings in shares of RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after acquiring an additional 53,045 shares during the last quarter. Finally, Wealth Science Advisors LLC purchased a new stake in shares of RTX in the fourth quarter valued at $1,439,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
RTX Stock Performance
NYSE RTX opened at $181.97 on Tuesday. The business’s 50-day moving average price is $181.43 and its 200 day moving average price is $189.71. RTX Corporation has a twelve month low of $140.47 and a twelve month high of $214.50. The company has a market capitalization of $245.06 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 2.63 and a beta of 0.31. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.
RTX Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were issued a $0.73 dividend. The ex-dividend date was Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is presently 54.78%.
Analysts Set New Price Targets
RTX has been the subject of a number of recent research reports. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 target price on shares of RTX in a report on Thursday, March 5th. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $210.00 to $220.00 in a research note on Thursday, June 4th. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Morgan Stanley cut their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average price target of $211.38.
Check Out Our Latest Analysis on RTX
Key RTX News
Here are the key news stories impacting RTX this week:
- Positive Sentiment: RTX is highlighted for expanding connected aviation capabilities through advanced avionics, communications, and data-management technologies, reinforcing its growth story in commercial aerospace and defense electronics. How Is RTX Advancing Connectivity Across Modern Aviation Systems?
- Positive Sentiment: Coverage noting record defense backlogs and higher military spending supports the broader defense contractor group, which can be favorable for RTX’s long-term order visibility and earnings outlook. Defense ETFs to Buy Now as Record Backlogs Signal Sustained Growth
- Neutral Sentiment: RTX’s sale of Blue Canyon Technologies to MDA Space may help sharpen strategic focus, but the transaction also reduces exposure to part of the small-satellite market, making the overall impact mixed. RTX (RTX) Sells Blue Canyon As China Export Curbs Add Supply Risk
- Negative Sentiment: New Chinese export controls on rare earth and defense-related materials add fresh supply-chain uncertainty for RTX and other U.S. defense contractors, potentially raising costs and complicating sourcing. RTX (RTX) Sells Blue Canyon As China Export Curbs Add Supply Risk
RTX Company 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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