68,400 Shares in RTX Corporation $RTX Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of RTX Corporation (NYSE:RTX) during the first quarter, HoldingsChannel reports. The firm purchased 68,400 shares of the company’s stock, valued at approximately $13,194,000.

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

RTX Price Performance

Shares of NYSE:RTX opened at $186.34 on Friday. The firm has a market cap of $250.94 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 2.62 and a beta of 0.31. RTX Corporation has a 52 week low of $141.26 and a 52 week high of $214.50. The firm’s fifty day moving average is $180.48 and its 200-day moving average is $190.04. 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 (NYSE:RTX) last released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating 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 company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Sell-side analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RTX shares. Jefferies Financial Group upgraded shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $210.00 to $220.00 in a research report on Thursday, June 4th. Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Wells Fargo & Company started coverage on shares of RTX in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective on the stock. Finally, Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.