Security National Bank Purchases 15,468 Shares of RTX Corporation $RTX

Security National Bank raised its position in RTX Corporation (NYSE:RTXFree Report) by 27.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 71,452 shares of the company’s stock after purchasing an additional 15,468 shares during the period. RTX makes up 1.9% of Security National Bank’s investment portfolio, making the stock its 11th biggest holding. Security National Bank’s holdings in RTX were worth $13,104,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after buying an additional 2,210,950 shares in the last quarter. California Public Employees Retirement System lifted its stake in RTX by 27.5% in the 3rd quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company’s stock valued at $802,640,000 after acquiring an additional 1,034,456 shares in the last quarter. Groupama Asset Managment acquired a new position in RTX during the 3rd quarter worth approximately $150,078,000. Legal & General Group Plc grew its stake in shares of RTX by 13.4% during the 3rd quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock worth $1,199,338,000 after acquiring an additional 846,656 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of RTX by 1.1% during the 3rd quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock worth $12,750,087,000 after acquiring an additional 799,155 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 2.6%

Shares of RTX stock opened at $171.11 on Friday. RTX Corporation has a 12-month low of $130.90 and a 12-month high of $214.50. The company has a market capitalization of $230.43 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 2.43 and a beta of 0.31. The firm has a 50 day moving average price of $191.79 and a two-hundred day moving average price of $188.74. 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 (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio (DPR) is 51.03%.

Analyst Ratings Changes

A number of analysts have recently commented on RTX shares. 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. TD Cowen reaffirmed a “buy” rating on shares of RTX in a research report on Tuesday, January 27th. Wells Fargo & Company started coverage on shares of RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target on the stock. Vertical Research restated a “buy” rating and set a $227.00 price objective on shares of RTX in a research note on Tuesday, January 27th. Finally, Wolfe Research restated an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $210.75.

View Our Latest Stock Analysis on RTX

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 12,713 shares of RTX stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the completion of the sale, the executive vice president owned 16,749 shares of the company’s stock, valued at approximately $3,397,199.67. This trade represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 15,124 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. The trade was a 53.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 63,592 shares of company stock valued at $13,023,502. 0.10% of the stock is currently owned by corporate insiders.

RTX Company 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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