Anchyra Partners LLC bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,609 shares of the company's stock, valued at approximately $1,762,000.
Other large investors have also recently bought and sold shares of the company. BNP Paribas acquired a new position in shares of RTX during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of RTX during the 3rd quarter worth approximately $30,000. SOA Wealth Advisors LLC. boosted its holdings in shares of RTX by 57.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company's stock valued at $32,000 after buying an additional 70 shares during the last quarter. Wexford Capital LP bought a new position in shares of RTX in the third quarter valued at $33,000. Finally, Dogwood Wealth Management LLC grew its stake in shares of RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company's stock valued at $34,000 after buying an additional 75 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about RTX
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Insider Buying and Selling at RTX
In other RTX news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of RTX stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $205.56, for a total value of $7,349,797.80. Following the completion of the sale, the executive vice president owned 59,556 shares in the company, valued at $12,242,331.36. The trade was a 37.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 15,124 shares of the business's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,698,105.60. This represents a 53.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 89,255 shares of company stock valued at $18,151,956 in the last quarter. Company insiders own 0.10% of the company's stock.
RTX Stock Performance
NYSE:RTX opened at $174.42 on Monday. The stock has a 50 day simple moving average of $198.96 and a 200 day simple moving average of $187.93. The stock has a market cap of $234.89 billion, a P/E ratio of 32.72, a PEG ratio of 2.49 and a beta of 0.43. RTX Corporation has a 1-year low of $122.41 and a 1-year high of $214.50. 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 - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the prior year, the firm posted $1.47 EPS. The company's revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts anticipate that RTX Corporation will post 6.85 earnings per share for the current year.
RTX Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, February 20th. RTX's dividend payout ratio (DPR) is currently 51.03%.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Erste Group Bank started coverage on shares of RTX in a research report on Tuesday, March 24th. They set a "buy" rating on the stock. Wells Fargo & Company assumed coverage on shares of RTX in a research note on Wednesday, April 1st. They set an "equal weight" rating and a $200.00 price objective on the stock. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $204.00 target price on shares of RTX in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 target price on shares of RTX in a research note on Thursday, March 5th. Finally, Robert W. Baird set a $225.00 price target on RTX in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $206.59.
Read Our Latest Stock Analysis 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.
See Also
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