Oppenheimer & Co. Inc. Has $28.65 Million Stock Holdings in RTX Corporation $RTX

Oppenheimer & Co. Inc. lifted its position in shares of RTX Corporation (NYSE:RTX) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,209 shares of the company’s stock after purchasing an additional 16,467 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in RTX were worth $28,648,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new position in shares of RTX in the 3rd quarter valued at approximately $30,000. SOA Wealth Advisors LLC. lifted its stake in RTX by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after buying an additional 70 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of RTX in the second quarter valued at approximately $29,000. Access Investment Management LLC acquired a new position in shares of RTX in the second quarter valued at approximately $31,000. Finally, Clayton Financial Group LLC bought a new stake in shares of RTX during the third quarter worth $36,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RTX. BNP Paribas Exane began coverage on RTX in a report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 target price for the company. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of RTX in a research note on Thursday, January 15th. The Goldman Sachs Group upped their price target on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Vertical Research reiterated a “buy” rating and issued a $227.00 price objective on shares of RTX in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average price target of $199.50.

RTX Stock Up 1.4%

RTX opened at $198.78 on Monday. The stock’s fifty day simple moving average is $187.63 and its 200 day simple moving average is $172.37. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $206.48. The stock has a market cap of $266.52 billion, a PE ratio of 40.08, a price-to-earnings-growth ratio of 2.87 and a beta of 0.43. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08. The firm had revenue of $24.24 billion for the quarter, compared to the consensus estimate of $22.65 billion. RTX had a net margin of 7.60% and a return on equity of 13.08%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, February 20th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, February 20th. RTX’s dividend payout ratio is currently 54.84%.

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.