Victory Capital Management Inc. Cuts Stock Position in RTX Corporation $RTX

Victory Capital Management Inc. lowered its position in RTX Corporation (NYSE:RTXFree Report) by 67.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 520,140 shares of the company’s stock after selling 1,075,282 shares during the quarter. Victory Capital Management Inc.’s holdings in RTX were worth $87,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. Brighton Jones LLC raised its holdings in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares during the period. United Bank boosted its holdings in RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after purchasing an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after acquiring an additional 623 shares during the period. Finally, Crestwood Advisors Group LLC boosted its position in RTX by 2.7% in the 2nd quarter. Crestwood Advisors Group LLC now owns 26,694 shares of the company’s stock worth $3,898,000 after purchasing an additional 709 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX News Roundup

Here are the key news stories impacting RTX this week:

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RTX shares. Vertical Research reaffirmed a “buy” rating and issued a $227.00 price objective on shares of RTX in a report on Tuesday, January 27th. JPMorgan Chase & Co. lifted their price target on RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Susquehanna reiterated a “positive” rating and set a $230.00 price target on shares of RTX in a research report on Thursday, January 15th. Robert W. Baird set a $225.00 price objective on RTX in a report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $202.00.

Check Out Our Latest Research Report on RTX

RTX Stock Performance

NYSE:RTX opened at $203.95 on Friday. The company has a market cap of $273.76 billion, a P/E ratio of 41.12, a P/E/G ratio of 3.02 and a beta of 0.42. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $214.50. The company’s 50-day moving average price is $197.03 and its 200-day moving average price is $178.18. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 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%. RTX’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, February 20th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, February 20th. RTX’s payout ratio is presently 54.84%.

Insider Transactions at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $12,242,331.36. This represents a 37.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 12,713 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the sale, the executive vice president directly owned 16,749 shares in the company, valued at approximately $3,397,199.67. The trade was a 43.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 89,255 shares of company stock valued at $18,151,956 in the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

RTX 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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