Foundations Investment Advisors LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX – Free Report) by 11.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 128,986 shares of the company’s stock after buying an additional 13,183 shares during the period. Foundations Investment Advisors LLC’s holdings in RTX were worth $23,656,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC boosted its stake in RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after buying an additional 50 shares during the period. LeConte Wealth Management LLC boosted its stake in RTX by 2.3% during the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after buying an additional 51 shares during the period. Rydar Equities Inc. boosted its stake in RTX by 0.4% during the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after buying an additional 52 shares during the period. Howard Capital Management Inc. boosted its stake in RTX by 0.4% during the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after buying an additional 53 shares during the period. Finally, Purus Wealth Management LLC raised its position in RTX by 0.4% during the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock valued at $2,700,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.
RTX Stock Down 1.3%
NYSE RTX opened at $176.72 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The stock has a market capitalization of $237.98 billion, a PE ratio of 33.16, a PEG ratio of 2.54 and a beta of 0.31. RTX Corporation has a 1 year low of $130.90 and a 1 year high of $214.50. The business’s 50-day moving average is $187.03 and its 200 day moving average is $188.80.
RTX Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This is a boost from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. RTX’s payout ratio is 54.78%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on RTX shares. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research report on Friday, April 10th. Wells Fargo & Company started coverage on RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target on the stock. DZ Bank downgraded RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Robert W. Baird set a $225.00 price target on RTX in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada raised their price target on RTX from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. One equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $210.75.
Read Our Latest Analysis on RTX
Key Stories Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon delivered the first Javelin Lightweight Command Launch Units to the U.S. Army, reinforcing RTX’s role in a key weapons program and supporting future production growth. First Javelin Lightweight Command Launch Units delivered to the U.S. Army
- Positive Sentiment: RTX’s Raytheon was selected by DARPA to continue developing advanced solid rocket motor technology, which could improve missile propulsion scalability and deepen RTX’s long-term defense pipeline. RTX’s Raytheon selected by DARPA to advance composable solid rocket motor technology
- Positive Sentiment: Analysts pointed to RTX’s “modular and software-centric” defense growth story, noting multi-year contracts, rising munitions demand, and a record backlog as reasons the company may keep expanding revenue and margins. RTX Defense Breakthroughs Highlight Modular And Software Centric Growth Story
- Positive Sentiment: A bullish commentary piece argued RTX’s DARPA win and large backlog support a multi-year defense growth thesis, with raised guidance viewed as backed by strong demand and higher production capacity. RTX’s Meltdown Creates Multi-Year Commercial/Defense Winner – Reiterate Buy
- Neutral Sentiment: Additional articles about gaming GPUs and RTX-branded laptops are unrelated to RTX Corporation’s defense business and are unlikely to affect the stock. COLORFUL unveils new 007 First Light themed iGame GeForce RTX 5070 Ultra OC GPU HP’s new RTX 5070 laptop feels like the sweet spot between thin and bulky
About RTX
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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