Navigation Group LLC Acquires New Holdings in RTX Corporation $RTX

Navigation Group LLC acquired a new position in RTX Corporation (NYSE:RTXFree 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 (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the company posted $1.47 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

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.

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About RTX

(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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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