9,739 Shares in RTX Corporation $RTX Bought by Kingdom Financial Group LLC.

Kingdom Financial Group LLC. bought a new position in shares of RTX Corporation (NYSE:RTXFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 9,739 shares of the company’s stock, valued at approximately $1,786,000. RTX comprises 0.6% of Kingdom Financial Group LLC.’s holdings, making the stock its 20th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Navalign LLC purchased a new stake in RTX during the 4th quarter valued at about $25,000. BNP Paribas acquired a new position in shares of RTX in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in RTX during the 3rd quarter worth approximately $30,000. Wexford Capital LP purchased a new stake in RTX during the 3rd quarter worth approximately $33,000. Finally, Dogwood Wealth Management LLC grew its position in shares of RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the sale, the executive vice president directly owned 16,749 shares of the company’s stock, valued at approximately $3,397,199.67. This represents a 43.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent analyst reports. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Wells Fargo & Company started coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 target price on shares of RTX in a report on Thursday, March 5th. Finally, Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.75.

Read Our Latest Research Report on RTX

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

RTX Stock Up 0.9%

RTX stock opened at $176.35 on Friday. The stock has a market capitalization of $237.49 billion, a P/E ratio of 33.09, a PEG ratio of 2.48 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX Corporation has a one year low of $130.90 and a one year high of $214.50. The company has a 50 day moving average price of $189.25 and a two-hundred day moving average price of $188.74.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (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 company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the previous year, the company earned $1.47 EPS. The business’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. As a group, sell-side analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio (DPR) is currently 51.03%.

RTX Profile

(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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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