SG Trading Solutions LLC Makes New Investment in RTX Corporation $RTX

SG Trading Solutions LLC bought a new position in shares of RTX Corporation (NYSE:RTX) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,754 shares of the company’s stock, valued at approximately $1,055,000.

Several other institutional investors have also made changes to their positions in the stock. Navalign LLC bought a new position in shares of RTX in the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of RTX during the fourth quarter worth $26,000. BNP Paribas bought a new stake in RTX in the third quarter valued at approximately $25,000. Core Wealth Advisors LLC acquired a new stake in RTX during the 4th quarter worth about $31,000. Finally, 1 North Wealth Services LLC grew its position in shares of RTX by 456.7% during the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after buying an additional 137 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 3.4%

Shares of NYSE RTX opened at $186.07 on Friday. 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 52-week low of $140.47 and a 52-week high of $214.50. The company has a market cap of $250.58 billion, a PE ratio of 34.91, a P/E/G ratio of 2.73 and a beta of 0.31. The firm’s 50 day moving average price is $182.21 and its 200-day moving average price is $189.49.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping 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 business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the previous year, the firm earned $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, equities research analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were paid a $0.73 dividend. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. RTX’s dividend payout ratio (DPR) is currently 54.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday. 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. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company began coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $211.38.

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.