Lombard Odier Asset Management USA Corp Boosts Stock Position in RTX Corporation $RTX

Lombard Odier Asset Management USA Corp lifted its stake in RTX Corporation (NYSE:RTXFree Report) by 74.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,174 shares of the company’s stock after acquiring an additional 7,344 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in RTX were worth $2,874,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Zullo Investment Group Inc. lifted its holdings in RTX by 1.2% during the 3rd quarter. Zullo Investment Group Inc. now owns 4,713 shares of the company’s stock worth $789,000 after purchasing an additional 56 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in RTX by 0.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 16,465 shares of the company’s stock valued at $2,755,000 after buying an additional 57 shares in the last quarter. Uptick Partners LLC increased its position in shares of RTX by 1.7% during the third quarter. Uptick Partners LLC now owns 3,327 shares of the company’s stock valued at $557,000 after buying an additional 57 shares during the period. Colonial Trust Co SC increased its position in shares of RTX by 0.4% during the third quarter. Colonial Trust Co SC now owns 15,062 shares of the company’s stock valued at $2,520,000 after buying an additional 57 shares during the period. Finally, Certified Advisory Corp increased its position in shares of RTX by 1.6% during the third quarter. Certified Advisory Corp now owns 3,630 shares of the company’s stock valued at $607,000 after buying an additional 57 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.8%

NYSE RTX opened at $206.10 on Tuesday. The firm has a market cap of $277.40 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 2.96 and a beta of 0.42. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $214.50. The stock has a 50-day moving average of $200.02 and a 200-day moving average of $180.91. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.08. The business had revenue of $24.24 billion for the quarter, compared to analyst estimates of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.RTX’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, February 20th will be issued a $0.68 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is currently 54.84%.

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. Robert W. Baird set a $225.00 price objective on shares of RTX in a research report on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of RTX in a report on Tuesday, January 27th. UBS Group reiterated a “neutral” rating on shares of RTX in a research note on Wednesday, January 28th. Sanford C. Bernstein reissued a “market perform” rating and issued a $204.00 price target on shares of RTX in a report on Thursday, January 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $235.00 price target on shares of RTX in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $202.00.

View Our Latest Research Report on RTX

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of the firm’s stock in a transaction 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 sale, the executive vice president owned 16,749 shares of the company’s stock, valued at $3,397,199.67. This trade represents a 43.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 17,527 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $199.16, for a total transaction of $3,490,677.32. The disclosure for this sale is available in the SEC filing. Insiders sold 89,255 shares of company stock valued at $18,151,956 over the last quarter. Company insiders own 0.10% of the company’s stock.

RTX News Summary

Here are the key news stories impacting RTX this week:

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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