Aviva PLC grew its stake in RTX Corporation (NYSE:RTX – Free Report) by 5.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,121,165 shares of the company’s stock after buying an additional 59,632 shares during the quarter. Aviva PLC’s holdings in RTX were worth $205,622,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of RTX. Navalign LLC acquired a new position in shares of RTX during the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of RTX during the 4th quarter worth approximately $26,000. BNP Paribas acquired a new position in shares of RTX during the 3rd quarter worth approximately $25,000. Core Wealth Advisors LLC acquired a new position in shares of RTX during the 4th quarter worth approximately $31,000. Finally, Wexford Capital LP acquired a new position in shares of RTX during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on RTX. UBS Group reduced their target price on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley reduced 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price on shares of RTX in a research note on Thursday, March 5th. Wells Fargo & Company began coverage on RTX in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.38.
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 Stock Up 3.8%
Shares of RTX opened at $184.15 on Friday. RTX Corporation has a 52-week low of $140.13 and a 52-week high of $214.50. The company has a market capitalization 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 stock has a fifty day simple moving average of $183.23 and a two-hundred day simple moving average of $189.03. 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 – Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period last year, the company earned $1.47 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts forecast that RTX Corporation will post 6.91 EPS for the current year.
RTX Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were paid a $0.73 dividend. This is a boost 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 dividend yield of 1.6%. RTX’s dividend payout ratio is 54.78%.
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.
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