Foundations Investment Advisors LLC Purchases 13,183 Shares of RTX Corporation $RTX

Key Points

• Foundations Investment Advisors LLC increased its RTX stake by 11.4% in the fourth quarter, buying 13,183 additional shares and bringing its total holdings to 128,986 shares worth about $23.7 million.
• RTX continues to attract institutional interest, with 86.5% of the stock owned by institutions and several other hedge funds also adding or initiating positions.
• Analysts remain generally positive on the stock, with RTX carrying a Moderate Buy consensus and an average price target of $210.75, while the company also reported earnings and revenue above expectations and raised its quarterly dividend to $0.73 per share.

Foundations Investment Advisors LLC raised its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,986 shares of the company's stock after purchasing an additional 13,183 shares during the period. Foundations Investment Advisors LLC's holdings in RTX were worth $23,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Godfrey Financial Associates Inc. bought a new position in RTX during the fourth quarter valued at $122,000. IFG Advisory LLC grew its holdings in RTX by 1.7% during the fourth quarter. IFG Advisory LLC now owns 34,073 shares of the company's stock valued at $6,249,000 after purchasing an additional 562 shares during the period. Thoroughbred Financial Services LLC grew its holdings in RTX by 5.4% during the fourth quarter. Thoroughbred Financial Services LLC now owns 26,597 shares of the company's stock valued at $4,878,000 after purchasing an additional 1,365 shares during the period. MidAtlantic Capital Management Inc. bought a new position in RTX during the fourth quarter valued at $44,000. Finally, Connecticut Capital Management Group LLC bought a new position in RTX during the fourth quarter valued at $255,000. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

RTX has been the subject of several research reports. Melius Research raised RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 2nd. Robert W. Baird set a $225.00 price target on RTX in a report on Wednesday, January 28th. Wall Street Zen lowered RTX from a "strong-buy" rating to a "buy" rating in a report on Sunday, April 26th. Wells Fargo & Company began coverage on RTX in a report on Wednesday, April 1st. They issued an "equal weight" rating and a $200.00 price target for the company. Finally, Erste Group Bank lowered RTX from a "buy" rating to a "hold" rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $210.75.

Key RTX News

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 Price Performance

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 business has a fifty day moving average price of $187.03 and a 200-day moving average price 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. The firm has a market capitalization of $237.98 billion, a P/E ratio of 33.16, a PEG ratio of 2.54 and a beta of 0.31.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the company earned $1.47 earnings per share. The business'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. As a group, equities research analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

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