Gibbs Wealth Management Sells 4,941 Shares of RTX Corporation $RTX

Gibbs Wealth Management trimmed its stake in RTX Corporation (NYSE:RTX) by 22.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,374 shares of the company’s stock after selling 4,941 shares during the quarter. RTX makes up about 0.7% of Gibbs Wealth Management’s portfolio, making the stock its 29th biggest holding. Gibbs Wealth Management’s holdings in RTX were worth $2,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new position in RTX during the second quarter worth $2,359,602,000. Laurel Wealth Advisors LLC grew its position in shares of RTX by 14,974.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock valued at $525,518,000 after acquiring an additional 3,575,069 shares during the period. Vanguard Group Inc. increased its stake in shares of RTX by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after purchasing an additional 2,238,247 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in RTX by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after purchasing an additional 1,361,071 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in RTX by 97.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,927,305 shares of the company’s stock worth $281,425,000 after purchasing an additional 949,328 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.2%

Shares of RTX opened at $195.91 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $203.03. The firm’s 50 day moving average is $182.44 and its 200-day moving average is $168.60. The stock has a market capitalization of $262.67 billion, a PE ratio of 40.23, a P/E/G ratio of 2.86 and a beta of 0.44.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS. Equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Analyst Ratings Changes

Several equities analysts have commented on RTX shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. UBS Group cut shares of RTX from a “buy” rating to a “neutral” rating and lowered their price target for the company from $202.00 to $199.00 in a report on Monday, January 5th. Sanford C. Bernstein restated a “market perform” rating and set a $189.00 price objective on shares of RTX in a report on Tuesday, January 6th. Jefferies Financial Group reiterated a “hold” rating and set a $190.00 target price on shares of RTX in a research note on Tuesday, November 25th. Finally, Bank of America lifted their price target on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $186.88.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Sector tailwind — Microsoft’s recent $170M Air Force cloud win highlights accelerating defense modernization and tech spending that could benefit large defense contractors like RTX as the Pentagon increases IT and systems procurement. Top 5 Defense & Aerospace Stocks After Microsoft’s $170M Air Force Win
• Positive Sentiment: Analyst focus and comparisons — Recent analyst pieces comparing RTX with peers (e.g., General Dynamics) and previewing Q4 estimates keep attention on RTX’s fundamentals and upcoming earnings, supporting investor interest. RTX vs. General Dynamics Q4 Earnings Preview
• Positive Sentiment: High investor interest — Coverage noting that RTX is among the most-searched stocks reflects strong retail and institutional attention, which can amplify moves around earnings and news. Investors Heavily Search RTX
• Neutral Sentiment: Brand/noise risk from Nvidia “RTX” stories — Multiple tech stories about Nvidia’s RTX 50-series production cuts, rebate changes, scalper-driven sellouts and scams are unrelated to RTX Corporation but can create search-driven volatility or investor confusion. Monitor headlines for any short-term noise. Report claims Nvidia ended OPP rebates Nvidia cutting RTX 50-series production
• Neutral Sentiment: Retail & media attention — Features asking whether RTX is the best S&P 500 defense stock add visibility but don’t change fundamentals; they may increase short-term trading interest. Is RTX the best defense stock?
• Negative Sentiment: Capital flows risk from European defense strength — A large European defense IPO and strong performance in that market could divert investor capital away from U.S. defense names, creating a potential headwind for RTX’s relative performance. Sell America? What Europe’s Huge IPO Says About U.S. Defense Stocks.

About RTX

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.