HF Advisory Group LLC Acquires 27,009 Shares of RTX Corporation $RTX

HF Advisory Group LLC grew its holdings in shares of RTX Corporation (NYSE:RTXFree Report) by 151.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 44,800 shares of the company’s stock after acquiring an additional 27,009 shares during the quarter. HF Advisory Group LLC’s holdings in RTX were worth $8,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LeConte Wealth Management LLC grew its position in RTX by 2.3% during the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock worth $412,000 after buying an additional 51 shares in the last quarter. Innova Wealth Partners raised its holdings in RTX by 3.5% in the 4th quarter. Innova Wealth Partners now owns 1,597 shares of the company’s stock valued at $293,000 after acquiring an additional 54 shares in the last quarter. Worth Asset Management LLC lifted its position in shares of RTX by 3.5% during the 4th quarter. Worth Asset Management LLC now owns 1,579 shares of the company’s stock valued at $290,000 after acquiring an additional 54 shares during the period. Zullo Investment Group Inc. grew its holdings in shares of RTX by 1.2% during the 3rd quarter. Zullo Investment Group Inc. now owns 4,713 shares of the company’s stock worth $789,000 after purchasing an additional 56 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of RTX by 0.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 16,465 shares of the company’s stock worth $2,755,000 after purchasing an additional 57 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RTX. Erste Group Bank began coverage on RTX in a research note on Tuesday, March 24th. They issued a “buy” rating for the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $204.00 price objective on shares of RTX in a research note on Thursday, January 29th. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of RTX in a report on Thursday, January 15th. Royal Bank Of Canada increased their price target on shares of RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company began coverage on RTX in a research note on Wednesday. They set an “equal weight” rating and a $200.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.11.

Check Out Our Latest Report on RTX

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

RTX Price Performance

Shares of NYSE:RTX opened at $194.78 on Thursday. RTX Corporation has a one year low of $112.27 and a one year high of $214.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. The company has a market cap of $262.17 billion, a price-to-earnings ratio of 39.27, a PEG ratio of 2.79 and a beta of 0.42. The firm has a 50 day simple moving average of $200.24 and a 200 day simple moving average of $184.00.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.08. RTX had a net margin of 7.60% and a return on equity of 13.08%. The company had revenue of $24.24 billion during the quarter, compared to the consensus estimate of $22.65 billion. During the same period in the prior year, the business earned $1.54 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, February 20th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, February 20th. RTX’s dividend payout ratio is presently 54.84%.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 17,527 shares of RTX stock in a transaction dated Thursday, February 12th. The stock was 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 available through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $205.56, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 89,255 shares of company stock valued at $18,151,956. 0.10% of the stock is currently owned by corporate insiders.

RTX Company Profile

(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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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