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RTX Corporation $RTX Shares Bought by QRG Capital Management Inc.

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Key Points

  • QRG Capital Management increased its stake in RTX by 12.6% to 185,930 shares (worth about $34.1 million), and institutional investors now own roughly 86.5% of the company.
  • RTX beat Q1 estimates with $1.78 EPS (vs. $1.52 expected) and $22.08 billion in revenue, raised FY2026 EPS guidance to 6.60–6.80, and analysts project about 6.91 EPS for the year.
  • RTX raised its quarterly dividend to $0.73 (annualized $2.92, yield ~1.7%), while insiders have sold about 89,255 shares (~$18.15 million) over the past 90 days, leaving insiders with just 0.10% ownership.
  • Interested in RTX? Here are five stocks we like better.

QRG Capital Management Inc. raised its stake in RTX Corporation (NYSE:RTX - Free Report) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,930 shares of the company's stock after acquiring an additional 20,780 shares during the period. QRG Capital Management Inc.'s holdings in RTX were worth $34,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Hidden Cove Wealth Management LLC raised its holdings in shares of RTX by 2.7% in the fourth quarter. Hidden Cove Wealth Management LLC now owns 2,645 shares of the company's stock valued at $485,000 after buying an additional 69 shares during the last quarter. Headinvest LLC raised its holdings in shares of RTX by 1.2% in the fourth quarter. Headinvest LLC now owns 5,435 shares of the company's stock valued at $997,000 after buying an additional 62 shares during the last quarter. FWG Holdings LLC raised its holdings in shares of RTX by 53.6% in the fourth quarter. FWG Holdings LLC now owns 7,793 shares of the company's stock valued at $1,566,000 after buying an additional 2,718 shares during the last quarter. Truist Financial Corp raised its holdings in shares of RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company's stock valued at $424,575,000 after buying an additional 53,045 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. raised its holdings in shares of RTX by 5.1% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 4,367 shares of the company's stock valued at $801,000 after buying an additional 211 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Down 0.5%

NYSE RTX opened at $173.09 on Tuesday. The stock has a market capitalization of $233.10 billion, a P/E ratio of 32.48, a P/E/G ratio of 2.47 and a beta of 0.31. RTX Corporation has a 52-week low of $126.03 and a 52-week high of $214.50. The firm has a 50-day moving average price of $196.65 and a 200 day moving average price of $188.35. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping 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 company 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 business posted $1.47 earnings per share. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be given a $0.73 dividend. This is a boost from RTX's previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 22nd. RTX's dividend payout ratio (DPR) is currently 51.03%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research reports. Jefferies Financial Group reduced their target price on shares of RTX from $225.00 to $210.00 and set a "hold" rating for the company in a report on Monday, April 13th. DZ Bank cut shares of RTX from a "hold" rating to a "strong sell" rating in a report on Friday, February 6th. JPMorgan Chase & Co. upped their target price on shares of RTX from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, January 28th. TD Cowen reaffirmed a "buy" rating on shares of RTX in a report on Tuesday, January 27th. Finally, Melius Research raised shares of RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $206.59.

Get Our Latest Analysis on RTX

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 17,527 shares of the firm's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $199.16, for a total transaction of $3,490,677.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the sale, the executive vice president owned 59,556 shares in the company, valued at approximately $12,242,331.36. This trade represents a 37.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 89,255 shares of company stock valued at $18,151,956. Corporate insiders own 0.10% of the company's stock.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

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.

Read More

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX - Free Report).

Institutional Ownership by Quarter for RTX (NYSE:RTX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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