16,295 Shares in RTX Corporation $RTX Purchased by Rayburn West Financial Services LLC

Rayburn West Financial Services LLC acquired a new position in RTX Corporation (NYSE:RTX) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 16,295 shares of the company’s stock, valued at approximately $2,989,000. RTX makes up approximately 1.9% of Rayburn West Financial Services LLC’s investment portfolio, making the stock its 20th largest holding.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares during the last quarter. California Public Employees Retirement System increased its position in shares of RTX by 27.5% during 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 purchasing an additional 1,034,456 shares during the last quarter. Groupama Asset Managment purchased a new stake in shares of RTX during the 3rd quarter valued at about $150,078,000. Legal & General Group Plc increased its position 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 valued at $1,199,338,000 after purchasing an additional 846,656 shares during the last quarter. Finally, Capital Research Global Investors increased its position 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 valued at $12,750,087,000 after purchasing an additional 799,155 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 12,713 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 16,749 shares in the company, valued at approximately $3,397,199.67. The trade was a 43.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 15,124 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $204.65, for a total value of $3,095,126.60. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. This trade represents a 53.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 71,728 shares of company stock valued at $14,661,279. Insiders own 0.10% of the company’s stock.

RTX Trading Down 0.4%

Shares of NYSE:RTX opened at $178.14 on Thursday. The stock has a 50 day moving average of $193.17 and a 200 day moving average of $188.89. The company has a market cap of $239.90 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.54 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. RTX Corporation has a 12-month low of $129.11 and a 12-month high of $214.50.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 company had revenue of $22.08 billion during 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 was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities research 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 will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. RTX’s dividend payout ratio is presently 51.03%.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research reports. UBS Group reduced their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price target on shares of RTX in a research report on Thursday, March 5th. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. DZ Bank lowered shares of RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Finally, Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.75.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX won a multi-year SeaRAM ship self-defense contract for Australia’s Sea3000 frigate program, expanding its international naval defense footprint and reinforcing backlog visibility. RTX Wins SeaRAM Ship Self-Defense Contract For Australian Frigates
• Positive Sentiment: RTX’s Raytheon unit received an order for 120 SharpSight radars from Blue Raven, the largest order yet for the surveillance radar system, which highlights demand for its sensing and defense technologies. RTX Corporation (RTX) Receives Order For SharpSight radars from Blue Raven
• Positive Sentiment: Collins Aerospace is investing $26.5 million to expand its Largo, Florida radar facility, a sign RTX is adding production capacity to support both commercial aviation and defense demand. RTX’s Collins Aerospace Invests $26.5M In Florida Expansion
• Neutral Sentiment: Recent coverage about RTX’s valuation and aerospace-and-defense sector pullback suggests some investors may be reassessing whether the shares have run too far, which could temper near-term upside despite the positive operational news. Is It Time To Reassess RTX (RTX) After Recent Pullback In Aerospace And Defense Stocks

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.