MV Capital Management Inc. Invests $1.01 Million in RTX Corporation $RTX

MV Capital Management Inc. bought a new position in RTX Corporation (NYSE:RTX) during the fourth quarter, Holdings Channel reports. The firm bought 5,528 shares of the company’s stock, valued at approximately $1,014,000.

Several other large investors have also added to or reduced their stakes in RTX. Navalign LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX during the fourth quarter worth $26,000. BNP Paribas bought a new stake in RTX during the third quarter worth $25,000. Core Wealth Advisors LLC purchased a new stake in RTX in the 4th quarter valued at $31,000. Finally, 1 North Wealth Services LLC grew its stake in shares of RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 3.4%

NYSE RTX opened at $186.07 on Friday. The business’s fifty day moving average is $182.21 and its 200-day moving average is $189.49. 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 stock has a market capitalization of $250.58 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.73 and a beta of 0.31. RTX Corporation has a one year low of $140.47 and a one year high of $214.50.

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

RTX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is currently 54.78%.

Analysts Set New Price Targets

Several analysts have recently commented on RTX shares. UBS Group lowered their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday. Wells Fargo & Company assumed coverage on shares of RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price on the stock. Finally, Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. One research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $211.38.

RTX 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.