Journey Advisory Group LLC boosted its holdings in RTX Corporation (NYSE:RTX – Free Report) by 116.8% during the 1st quarter, Holdings Channel reports. The fund owned 26,731 shares of the company’s stock after acquiring an additional 14,403 shares during the quarter. Journey Advisory Group LLC’s holdings in RTX were worth $5,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Alpha Cubed Investments LLC grew its stake 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 purchasing an additional 50 shares in the last quarter. LeConte Wealth Management LLC raised its stake in shares of 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. raised its stake in shares of 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. Schulhoff & Co. Inc. lifted its holdings in RTX by 1.7% in the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after purchasing an additional 52 shares during the period. Finally, Howard Capital Management Inc. lifted its holdings in RTX by 0.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after purchasing an additional 53 shares during the period. Institutional investors own 86.50% of the company’s stock.
RTX Price Performance
NYSE:RTX opened at $195.84 on Thursday. 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 business’s 50-day moving average price is $183.93 and its 200 day moving average price is $191.54. RTX Corporation has a 52-week low of $143.56 and a 52-week high of $214.50. The firm has a market cap of $263.73 billion, a P/E ratio of 36.74, a PEG ratio of 2.65 and a beta of 0.30.
RTX Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio is currently 54.78%.
Analyst Upgrades and Downgrades
RTX has been the topic of several research analyst reports. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Morgan Stanley reduced their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company assumed coverage on RTX in a report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.38.
Get Our Latest Stock Analysis on RTX
RTX News Summary
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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