SG Trading Solutions LLC Takes Position in RTX Corporation $RTX

SG Trading Solutions LLC purchased a new position in shares of RTX Corporation (NYSE:RTX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 5,754 shares of the company’s stock, valued at approximately $1,055,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in RTX. Milestone Asset Management Group LLC grew its stake in RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after buying an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in RTX during the fourth quarter valued at $2,308,000. Truist Financial Corp boosted its stake in shares of RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after acquiring an additional 53,045 shares during the last quarter. Wealth Science Advisors LLC acquired a new position in RTX during the fourth quarter worth about $1,439,000. Finally, Groupama Asset Managment acquired a new position in RTX during the third quarter worth $150,078,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock opened at $186.07 on Friday. RTX Corporation has a 12-month low of $140.47 and a 12-month high of $214.50. The company has a market cap of $250.58 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.73 and a beta of 0.31. The firm has a 50 day moving average of $182.21 and a 200-day moving average of $189.49. 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 (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The business 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 business’s revenue was up 8.7% on a year-over-year basis. During the same quarter 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 analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend 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 was Friday, May 22nd. RTX’s payout ratio is presently 54.78%.

Analysts Set New Price Targets

A number of research firms have commented on RTX. Weiss Ratings cut shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $210.00 to $220.00 in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 target price on shares of RTX in a research note on Thursday, March 5th. Morgan Stanley lowered their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. One equities 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 assigned a Sell rating to the company. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $211.38.

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.