Foundations Investment Advisors LLC Acquires 13,183 Shares of RTX Corporation $RTX

Foundations Investment Advisors LLC boosted its holdings in shares of RTX Corporation (NYSE:RTXFree 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 (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Sell-side analysts forecast that RTX Corporation will post 6.91 earnings per share for the current year.

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

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About RTX

(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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