Kovack Advisors Inc. Acquires 18,152 Shares of RTX Corporation $RTX

Kovack Advisors Inc. lifted its stake in RTX Corporation (NYSE:RTX) by 50.9% during the 4th quarter, HoldingsChannel reports. The fund owned 53,846 shares of the company’s stock after buying an additional 18,152 shares during the period. Kovack Advisors Inc.’s holdings in RTX were worth $9,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Alpha Cubed Investments LLC grew its stake in RTX by 0.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after purchasing an additional 50 shares during the period. LeConte Wealth Management LLC grew its position 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. grew its position 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. Schulhoff & Co. Inc. increased its holdings in RTX by 1.7% during the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after buying an additional 52 shares during the last quarter. Finally, Howard Capital Management Inc. raised its position in RTX by 0.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after acquiring an additional 53 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Erste Group Bank downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and boosted their target price for the company from $210.00 to $220.00 in a research note on Thursday, June 4th. Finally, Morgan Stanley cut their price target on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $211.38.

RTX Stock Up 3.8%

RTX opened at $184.15 on Friday. RTX Corporation has a 12 month low of $140.13 and a 12 month high of $214.50. The company has a market cap of $247.98 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 2.51 and a beta of 0.31. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $183.23 and a 200 day moving average of $189.03.

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

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were issued a dividend of $0.73 per share. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is currently 54.78%.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Collins Aerospace, an RTX business, completed a $63 million expansion of its Malaysia maintenance, repair and overhaul hub, which should boost RTX’s Asia-Pacific service capacity and cash-flow potential as airline fleets grow. RTX’s Collins Aerospace expands Malaysia MRO hub with $63M investment
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 EPS estimates for RTX, signaling slightly better profit expectations even though the stock remains rated Hold.
• Positive Sentiment: Recent coverage around RTX’s aerospace service expansion and the Malaysia MRO buildout reinforces the case that demand for aftermarket maintenance services remains strong. RTX Malaysia MRO Expansion Adds Asia Pacific Cash Flow Potential
• Neutral Sentiment: RTX was listed among the stocks attracting heavy attention on Zacks, but that article did not add new operational or financial news by itself. RTX Corporation (RTX) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Several search and technology articles mentioning “RTX” were about Nvidia RTX graphics products, not RTX Corporation, so they are unlikely to affect the stock.

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.