Savvy Advisors Inc. Purchases 6,863 Shares of RTX Corporation $RTX

Savvy Advisors Inc. boosted its position in shares of RTX Corporation (NYSE:RTXFree Report) by 58.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,695 shares of the company’s stock after purchasing an additional 6,863 shares during the period. Savvy Advisors Inc.’s holdings in RTX were worth $3,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. purchased a new position in shares of RTX during the third quarter valued at approximately $30,000. SOA Wealth Advisors LLC. raised its holdings in shares of RTX by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after buying an additional 70 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in shares of RTX during the 2nd quarter worth approximately $29,000. Access Investment Management LLC purchased a new position in RTX during the 2nd quarter valued at $31,000. Finally, Clayton Financial Group LLC bought a new position in RTX in the 3rd quarter valued at $36,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Key RTX News

Here are the key news stories impacting RTX this week:

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Monday, December 29th. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. DZ Bank lowered shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of RTX in a research report on Tuesday, January 27th. Finally, UBS Group reaffirmed a “neutral” rating on shares of RTX in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.50.

Read Our Latest Stock Analysis on RTX

RTX Stock Up 0.7%

NYSE:RTX opened at $196.65 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $206.48. The company has a 50-day moving average of $189.28 and a 200 day moving average of $173.10. The firm has a market cap of $263.96 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 2.82 and a beta of 0.43.

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

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 20th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. RTX’s payout ratio is 54.84%.

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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