Howard Bailey Securities LLC Decreases Stake in RTX Corporation $RTX

Howard Bailey Securities LLC reduced its stake in RTX Corporation (NYSE:RTX) by 62.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,344 shares of the company’s stock after selling 3,935 shares during the period. Howard Bailey Securities LLC’s holdings in RTX were worth $430,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $26,000. Montis Financial LLC increased its stake in shares of RTX by 7.1% during the fourth quarter. Montis Financial LLC now owns 6,053 shares of the company’s stock valued at $1,110,000 after buying an additional 399 shares during the period. Cerity Partners LLC increased its stake in shares of RTX by 7.1% during the fourth quarter. Cerity Partners LLC now owns 1,207,620 shares of the company’s stock valued at $221,479,000 after buying an additional 79,950 shares during the period. Schulhoff & Co. Inc. increased its stake in shares of RTX by 1.7% during the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock valued at $585,000 after buying an additional 52 shares during the period. Finally, Erste Asset Management GmbH increased its stake in shares of RTX by 333.9% during the fourth quarter. Erste Asset Management GmbH now owns 32,689 shares of the company’s stock valued at $6,027,000 after buying an additional 25,155 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Down 1.4%

NYSE RTX opened at $178.51 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX Corporation has a twelve month low of $135.43 and a twelve month high of $214.50. The firm has a market capitalization of $240.39 billion, a PE ratio of 33.49, a P/E/G ratio of 2.57 and a beta of 0.31. The stock’s 50 day moving average is $183.75 and its 200 day moving average is $188.84.

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

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.6%. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s dividend payout ratio is presently 54.78%.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit said it will invest $100 million to expand its Portsmouth, Rhode Island facility, boosting LTAMDS radar testing capacity and Patriot GEM-T component production. The project is also expected to add about 150 high-tech jobs and supports rising missile-defense demand. RTX invests $100 million to accelerate radar testing and interceptor production in Rhode Island
• Positive Sentiment: RTX also highlighted a separate $1.02 billion NASAMS air-defense contract, reinforcing strong long-term demand for its missile-defense systems and improving visibility for future revenue. RTX Wins A Billion-Dollar Air Defense Contract With Long-Term Visibility
• Neutral Sentiment: Market commentary noted that RTX stock has been declining while the broader market improved, suggesting investors may be taking profits or reacting to broader portfolio rotation rather than a major new company-specific setback. RTX Stock Declines While Market Improves: Some Information for Investors
• Negative Sentiment: Reuters reported that ITA Airways is considering a lawsuit over Pratt & Whitney engine problems, which could keep attention on RTX’s aftermarket engine issues and create legal or repair-cost overhang. Italy’s ITA Airways weighs lawsuit over Pratt & Whitney engine faults

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. Wells Fargo & Company assumed coverage on RTX in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price on the stock. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price target on shares of RTX in a research report on Thursday, March 5th. Finally, Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $210.00 to $220.00 in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $211.38.

RTX 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.