First National Bank of Hutchinson Increases Stock Position in RTX Corporation $RTX

First National Bank of Hutchinson increased its holdings in RTX Corporation (NYSE:RTXFree Report) by 101.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,301 shares of the company’s stock after acquiring an additional 3,180 shares during the quarter. First National Bank of Hutchinson’s holdings in RTX were worth $1,054,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RTX. Zullo Investment Group Inc. raised its stake in RTX by 1.2% during the 3rd quarter. Zullo Investment Group Inc. now owns 4,713 shares of the company’s stock valued at $789,000 after acquiring an additional 56 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of RTX by 0.3% in the third quarter. Parkside Financial Bank & Trust now owns 16,465 shares of the company’s stock valued at $2,755,000 after purchasing an additional 57 shares during the period. Uptick Partners LLC increased its holdings in shares of RTX by 1.7% in the third quarter. Uptick Partners LLC now owns 3,327 shares of the company’s stock valued at $557,000 after purchasing an additional 57 shares during the period. Chesapeake Wealth Management raised its stake in shares of RTX by 0.5% during the third quarter. Chesapeake Wealth Management now owns 13,141 shares of the company’s stock worth $2,199,000 after purchasing an additional 60 shares during the last quarter. Finally, Arrow Financial Corp lifted its holdings in shares of RTX by 0.8% during the third quarter. Arrow Financial Corp now owns 7,334 shares of the company’s stock worth $1,227,000 after purchasing an additional 61 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of several recent research reports. BNP Paribas Exane initiated coverage on shares of RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $225.00 price target on shares of RTX in a research note on Wednesday, January 28th. Sanford C. Bernstein reissued a “market perform” rating and set a $204.00 price target on shares of RTX in a report on Thursday, January 29th. UBS Group reaffirmed a “neutral” rating on shares of RTX in a report on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.50.

Read Our Latest Stock Report on RTX

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

RTX Stock Up 1.4%

RTX stock opened at $198.78 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $187.63 and its 200 day moving average price is $172.26. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $206.48. The company has a market cap of $266.52 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.87 and a beta of 0.43.

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

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.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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