Cvfg LLC Buys 11,448 Shares of RTX Corporation $RTX

Cvfg LLC grew its position in RTX Corporation (NYSE:RTX) by 604.4% during the 1st quarter, Holdings Channel reports. The firm owned 13,342 shares of the company’s stock after purchasing an additional 11,448 shares during the quarter. Cvfg LLC’s holdings in RTX were worth $2,574,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Childress Capital Advisors LLC grew its stake in RTX by 1.3% during the first quarter. Childress Capital Advisors LLC now owns 6,565 shares of the company’s stock worth $1,266,000 after buying an additional 82 shares during the last quarter. Marino Stram & Associates LLC raised its stake in shares of RTX by 1.8% in the first quarter. Marino Stram & Associates LLC now owns 4,219 shares of the company’s stock valued at $814,000 after acquiring an additional 75 shares during the last quarter. Flatrock Wealth Partners LLC acquired a new position in shares of RTX in the 1st quarter worth approximately $250,000. Montag A & Associates Inc. grew its position in RTX by 4.2% during the 1st quarter. Montag A & Associates Inc. now owns 20,061 shares of the company’s stock worth $3,870,000 after acquiring an additional 802 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its position in RTX by 4.3% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 18,483 shares of the company’s stock worth $3,565,000 after acquiring an additional 755 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit is expanding AMRAAM production with NATO and European suppliers, which could boost delivery capacity and support defense sales growth. RTX, NATO advance major expansion of AMRAAM® production capacity
• Positive Sentiment: Raytheon is also working with European firms to double Stinger missile production, reinforcing demand for RTX defense systems and strengthening its transatlantic supply chain. RTX’s Raytheon doubling global Stinger missile production
• Positive Sentiment: Commentary highlighting RTX’s strong recent rally, defense contract wins, and solid liquidity may continue to support investor confidence in the stock’s long-term outlook. RTX Outperforms Industry in the Past Year: How to Play the Stock?
• Neutral Sentiment: RTX was removed from the Russell 1000 Dynamic Index, which may trigger portfolio rebalancing but does not change the company’s fundamentals. RTX Left The Russell 1000 Index, Is It A Bargain Or Fully Priced?
• Neutral Sentiment: A separate valuation-focused comparison with General Dynamics is another reminder that investors are still weighing RTX’s price against peers. GD vs. RTX: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Geopolitical headlines about potential shipping tolls or disruptions in the Strait of Hormuz could raise broader defense-sector and supply-chain uncertainty, but they are only an indirect factor for RTX. Hormuz Tolls Are Just the Beginning: The World’s Busiest Shipping Route Could Be Next

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Morgan Stanley lowered their target price on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $210.00 to $220.00 in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $211.38.

RTX Trading Down 0.2%

Shares of RTX opened at $200.91 on Wednesday. The stock’s fifty day simple moving average is $181.44 and its 200-day simple moving average is $191.06. The firm has a market capitalization of $270.57 billion, a PE ratio of 37.70, a price-to-earnings-growth ratio of 2.85 and a beta of 0.30. RTX Corporation has a 12-month low of $142.98 and a 12-month high of $214.50. 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:RTX) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping 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 firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the previous year, the business posted $1.47 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, research analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is 54.78%.

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.