Legal & General Group Plc Has $1.28 Billion Stock Holdings in RTX Corporation $RTX

Legal & General Group Plc lessened its holdings in shares of RTX Corporation (NYSE:RTX) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,981,268 shares of the company’s stock after selling 186,233 shares during the quarter. Legal & General Group Plc’s holdings in RTX were worth $1,280,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. BNP Paribas acquired a new position in shares of RTX in the 3rd quarter valued at $25,000. Navalign LLC bought a new stake in RTX in the 4th quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in RTX in the 3rd quarter valued at $30,000. Wexford Capital LP bought a new stake in RTX in the 3rd quarter valued at $33,000. Finally, Dogwood Wealth Management LLC lifted its position in RTX by 57.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.0%

Shares of NYSE:RTX opened at $177.06 on Monday. The company’s 50-day moving average price is $188.64 and its two-hundred day moving average price is $188.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. RTX Corporation has a one year low of $130.90 and a one year high of $214.50. The stock has a market capitalization of $238.45 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.51 and a beta of 0.31.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities analysts forecast that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is currently 51.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RTX shares. Vertical Research reaffirmed a “buy” rating and issued a $227.00 price objective on shares of RTX in a research report on Tuesday, January 27th. Jefferies Financial Group cut their price objective on shares of RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 price target on shares of RTX in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.75.

RTX Company Profile

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.