Money Concepts Capital Corp Invests $5.32 Million in RTX Corporation $RTX

Money Concepts Capital Corp bought a new position in RTX Corporation (NYSE:RTX) during the 4th quarter, HoldingsChannel.com reports. The fund bought 29,001 shares of the company’s stock, valued at approximately $5,319,000.

Several other institutional investors have also made changes to their positions in the company. Alpha Cubed Investments LLC increased its position in shares of RTX by 0.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after acquiring an additional 50 shares in the last quarter. LeConte Wealth Management LLC grew its position in RTX by 2.3% during the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after purchasing an additional 51 shares in the last quarter. Rydar Equities Inc. grew its position in RTX by 0.4% during the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after purchasing an additional 52 shares in the last quarter. Howard Capital Management Inc. grew its position in RTX by 0.4% during the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after purchasing an additional 53 shares in the last quarter. Finally, Purus Wealth Management LLC grew its position in RTX by 0.4% during the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock valued at $2,700,000 after purchasing an additional 53 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit won a contract to supply SeaRAM ship self-defense systems for Australia’s new Mogami-class frigates, adding to the company’s defense pipeline and reinforcing demand for its naval protection systems. RTX’s Raytheon selected to provide SeaRAM for Australia’s new Mogami-class frigates
• Positive Sentiment: Collins Aerospace, an RTX business, is investing $26.5 million to expand its Largo, Florida facility, a move that should help accelerate production of commercial aviation radars and defense-related security solutions while creating more than 100 jobs. RTX’s Collins Aerospace accelerates production with $26.5 million investment in Largo, Florida
• Positive Sentiment: RTX also appears to be benefiting from broader defense order momentum, including reports of major Pentagon missile orders involving RTX and Lockheed Martin, which could support near-term revenue and sentiment for the stock. Lockheed, RTX win major Pentagon missile orders

RTX Price Performance

NYSE RTX opened at $178.73 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $240.69 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 2.50 and a beta of 0.31. The company has a 50 day moving average price of $194.32 and a two-hundred day moving average price of $188.89. RTX Corporation has a 12-month low of $127.39 and a 12-month high of $214.50.

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

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. RTX’s dividend payout ratio is presently 51.03%.

Insider Transactions at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,136 shares of RTX stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $201.30, for a total value of $1,637,776.80. Following the completion of the sale, the vice president directly owned 27,102 shares in the company, valued at $5,455,632.60. The trade was a 23.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 15,124 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,698,105.60. The trade was a 53.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 89,255 shares of company stock valued at $18,151,956. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. DZ Bank downgraded shares of RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Citigroup lowered their price objective on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $204.00 price objective on shares of RTX in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $206.59.

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.