Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in RTX Corporation $RTX

Mirae Asset Global Investments Co. Ltd. grew its holdings in RTX Corporation (NYSE:RTXFree Report) by 2.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,691 shares of the company’s stock after buying an additional 5,198 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in RTX were worth $33,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new position in RTX in the 2nd quarter worth approximately $29,000. Access Investment Management LLC acquired a new position in shares of RTX in the 2nd quarter valued at $31,000. SOA Wealth Advisors LLC. increased its position in shares of RTX by 57.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Clayton Financial Group LLC purchased a new stake in RTX in the 3rd quarter valued at about $36,000. Finally, Halbert Hargrove Global Advisors LLC raised its stake in shares of RTX by 194.5% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 215 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

RTX Stock Down 0.9%

Shares of NYSE:RTX opened at $199.41 on Thursday. The firm’s 50-day simple moving average is $183.86 and its 200-day simple moving average is $169.85. The company has a market cap of $267.36 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 2.94 and a beta of 0.44. The company has a quick ratio of 0.81, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $205.36.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RTX shares. Morgan Stanley reiterated an “overweight” rating and issued a $235.00 price objective on shares of RTX in a report on Wednesday. Robert W. Baird set a $225.00 price target on shares of RTX in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $225.00 price objective on shares of RTX in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.06.

Read Our Latest Stock Analysis on RTX

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.

Featured Stories

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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