AlphaQuest LLC Has $1.95 Million Stake in RTX Corporation $RTX

Key Points

• AlphaQuest LLC increased its RTX stake by 526.8% in the fourth quarter, ending with 10,637 shares valued at about $1.95 million.
• RTX continues to attract heavy institutional interest, with hedge funds and asset managers owning 86.5% of the stock and firms like Vanguard and CalPERS also adding to positions.
• The company reported strong quarterly results, beating EPS and revenue estimates, and it raised its quarterly dividend to $0.73 per share while maintaining a “Moderate Buy” analyst rating consensus.

AlphaQuest LLC lifted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 526.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,637 shares of the company's stock after acquiring an additional 8,940 shares during the quarter. AlphaQuest LLC's holdings in RTX were worth $1,951,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RTX. Vanguard Group Inc. boosted its holdings in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company's stock valued at $22,922,464,000 after acquiring an additional 2,210,950 shares in the last quarter. California Public Employees Retirement System lifted its holdings in RTX by 27.5% during the 3rd quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company's stock worth $802,640,000 after buying an additional 1,034,456 shares during the period. Groupama Asset Managment acquired a new position in RTX during the 3rd quarter worth about $150,078,000. Legal & General Group Plc lifted its holdings in RTX by 13.4% during the 3rd quarter. Legal & General Group Plc now owns 7,167,501 shares of the company's stock worth $1,199,338,000 after buying an additional 846,656 shares during the period. Finally, Capital Research Global Investors lifted its holdings in RTX by 1.1% during the 3rd quarter. Capital Research Global Investors now owns 76,197,762 shares of the company's stock worth $12,750,087,000 after buying an additional 799,155 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on RTX shares. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $204.00 target price on shares of RTX in a report on Thursday, January 29th. Citigroup cut their target price on RTX from $238.00 to $226.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Morgan Stanley cut their target price on RTX from $235.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, April 22nd. Wells Fargo & Company started 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. Finally, Melius Research raised RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, RTX has an average rating of "Moderate Buy" and an average price target of $210.75.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon delivered the first Javelin Lightweight Command Launch Units to the U.S. Army, reinforcing RTX’s role in a key weapons program and supporting future production growth. First Javelin Lightweight Command Launch Units delivered to the U.S. Army
• Positive Sentiment: RTX’s Raytheon was selected by DARPA to continue developing advanced solid rocket motor technology, which could improve missile propulsion scalability and deepen RTX’s long-term defense pipeline. RTX's Raytheon selected by DARPA to advance composable solid rocket motor technology
• Positive Sentiment: Analysts pointed to RTX’s “modular and software-centric” defense growth story, noting multi-year contracts, rising munitions demand, and a record backlog as reasons the company may keep expanding revenue and margins. RTX Defense Breakthroughs Highlight Modular And Software Centric Growth Story
• Positive Sentiment: A bullish commentary piece argued RTX’s DARPA win and large backlog support a multi-year defense growth thesis, with raised guidance viewed as backed by strong demand and higher production capacity. RTX's Meltdown Creates Multi-Year Commercial/Defense Winner - Reiterate Buy
• Neutral Sentiment: Additional articles about gaming GPUs and RTX-branded laptops are unrelated to RTX Corporation’s defense business and are unlikely to affect the stock. COLORFUL unveils new 007 First Light themed iGame GeForce RTX 5070 Ultra OC GPU HP’s new RTX 5070 laptop feels like the sweet spot between thin and bulky

RTX Stock Performance

Shares of RTX stock opened at $176.72 on Thursday. RTX Corporation has a one year low of $130.90 and a one year high of $214.50. The firm has a market capitalization of $237.98 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.54 and a beta of 0.31. The business has a 50-day simple moving average of $187.03 and a 200 day simple moving average of $188.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating 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 business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the company posted $1.47 EPS. The firm's 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, research analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from RTX's previous quarterly dividend of $0.68. RTX's dividend payout ratio is presently 54.78%.

RTX Company 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.

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