4,933 Shares in RTX Corporation $RTX Acquired by First Growth Capital LLC

First Growth Capital LLC bought a new position in shares of RTX Corporation (NYSE:RTX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,933 shares of the company’s stock, valued at approximately $969,000. RTX accounts for 0.9% of First Growth Capital LLC’s investment portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. BNP Paribas acquired a new stake in shares of RTX in the third quarter worth $25,000. Navalign LLC bought a new stake in shares of RTX during the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX during the 4th quarter worth $26,000. Core Wealth Advisors LLC acquired a new position in RTX in the 4th quarter valued at $31,000. Finally, 1 North Wealth Services LLC grew its stake in RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 3.4%

Shares of RTX stock opened at $186.07 on Friday. RTX Corporation has a 1 year low of $140.47 and a 1 year high of $214.50. The company’s fifty day simple moving average is $182.21 and its 200-day simple moving average is $189.49. The company has a market cap of $250.58 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.73 and a beta of 0.31. 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 (NYSE:RTX) last released its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the prior year, the company earned $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. As a group, sell-side analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is presently 54.78%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup reissued a “buy” rating on shares of RTX in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price target on shares of RTX in a research report on Thursday, March 5th. Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.38.

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.