Navigation Group LLC acquired a new position in RTX Corporation (NYSE:RTX – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,440 shares of the company’s stock, valued at approximately $664,000.
Several other large investors have also recently bought and sold shares of the stock. World Investment Advisors increased its holdings in shares of RTX by 8.7% in the fourth quarter. World Investment Advisors now owns 62,448 shares of the company’s stock valued at $11,453,000 after buying an additional 5,020 shares in the last quarter. Milestone Asset Management Group LLC boosted its stake in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after acquiring an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of RTX in the 4th quarter worth $2,308,000. Truist Financial Corp raised its position in shares of RTX by 2.3% during the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after purchasing an additional 53,045 shares during the period. Finally, Wealth Science Advisors LLC purchased a new stake in shares of RTX during the fourth quarter valued at $1,439,000. Institutional investors and hedge funds own 86.50% of the company’s stock.
RTX Stock Up 1.3%
NYSE:RTX opened at $195.84 on Thursday. The business’s fifty day moving average price is $183.93 and its 200 day moving average price is $191.54. The firm has a market capitalization of $263.73 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.65 and a beta of 0.30. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. RTX Corporation has a 1-year low of $143.56 and a 1-year high of $214.50.
RTX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio (DPR) is currently 54.78%.
Analyst Upgrades and Downgrades
RTX has been the subject of a number of recent analyst reports. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, July 8th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.
Get Our Latest Analysis on RTX
More RTX News
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon completed a key technical milestone for the U.S. Army’s NGSRI program, demonstrating range, accuracy, and lethality in a live system test. That supports RTX’s defense backlog and reinforces its position in missile-defense systems. RTX’s Raytheon completes key milestone for US Army’s Next Generation Short Range Interceptor
- Positive Sentiment: Pratt & Whitney acquired Aiir Innovations to expand AI-powered engine inspections, which could improve maintenance efficiency and strengthen RTX’s global MRO operations across commercial and military engines. RTX’s Pratt & Whitney advances engine inspections with AI-powered technology
- Positive Sentiment: Analyst coverage highlighted RTX’s growing exposure to electronic warfare, with advanced jamming, sensing, and mission systems benefiting from rising global defense spending. Is RTX Strengthening Its Position in the Electronic Warfare Market?
- Neutral Sentiment: RTX was also covered in a market recap noting the stock had fallen in the prior session, which reflects short-term trading pressure rather than a company-specific setback. RTX Stock Falls Amid Market Uptick: What Investors Need to Know
About RTX
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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