RTX Corporation $RTX Holdings Raised by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its holdings in shares of RTX Corporation (NYSE:RTXFree Report) by 6.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 146,831 shares of the company’s stock after purchasing an additional 9,098 shares during the period. Wealthfront Advisers LLC’s holdings in RTX were worth $28,324,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RTX. Navigation Group LLC bought a new stake in shares of RTX during the 1st quarter valued at about $664,000. Twin Capital Management Inc. lifted its holdings in RTX by 2.9% in the first quarter. Twin Capital Management Inc. now owns 20,996 shares of the company’s stock worth $4,050,000 after acquiring an additional 583 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in RTX by 9.7% in the first quarter. Illinois Municipal Retirement Fund now owns 63,316 shares of the company’s stock valued at $12,214,000 after acquiring an additional 5,614 shares during the period. Journey Advisory Group LLC boosted its stake in RTX by 116.8% in the first quarter. Journey Advisory Group LLC now owns 26,731 shares of the company’s stock valued at $5,156,000 after acquiring an additional 14,403 shares during the period. Finally, Harmony Asset Management LLC grew its holdings in shares of RTX by 0.6% during the first quarter. Harmony Asset Management LLC now owns 31,032 shares of the company’s stock valued at $5,986,000 after purchasing an additional 190 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Trending Headlines about RTX

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RTX Stock Up 1.3%

RTX opened at $195.84 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The company has a market capitalization of $263.73 billion, a PE ratio of 36.74, a P/E/G ratio of 2.65 and a beta of 0.30. The stock’s fifty day moving average is $183.93 and its 200-day moving average is $191.54. RTX Corporation has a one year low of $143.56 and a one year high of $214.50.

RTX (NYSE:RTXGet Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities analysts predict that RTX Corporation will post 6.92 EPS for the current fiscal year.

RTX Dividend Announcement

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 given a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is 54.78%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RTX shares. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of RTX in a report on Wednesday, July 8th. UBS Group cut their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.38.

Read Our Latest Research Report on RTX

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.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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