Griffin Asset Management Inc. Has $13.30 Million Position in RTX Corporation $RTX

Griffin Asset Management Inc. lessened its holdings in RTX Corporation (NYSE:RTX) by 8.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 68,975 shares of the company’s stock after selling 6,190 shares during the period. RTX makes up 1.5% of Griffin Asset Management Inc.’s portfolio, making the stock its 22nd biggest position. Griffin Asset Management Inc.’s holdings in RTX were worth $13,305,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RTX. World Investment Advisors increased its position in shares of RTX by 8.7% during the 4th quarter. World Investment Advisors now owns 62,448 shares of the company’s stock worth $11,453,000 after purchasing an additional 5,020 shares in the last quarter. Milestone Asset Management Group LLC increased its holdings in shares of RTX by 34.7% during the fourth 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 in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $2,308,000. Truist Financial Corp boosted its holdings in shares of RTX by 2.3% in the 4th 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 in the last quarter. Finally, Wealth Science Advisors LLC bought a new stake in RTX during the 4th quarter worth approximately $1,439,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is expanding European missile production through its Raytheon unit, including work with NATO and Diehl Defence to strengthen the missile supply chain and potentially double Stinger output. RTX Expands European Missile Production With NATO And Diehl Defence
• Positive Sentiment: RTX was named as one of the aerospace-defense stocks to watch as defense spending and aviation demand remain strong, reinforcing the bull case for the sector. 3 Aerospace-Defense Stocks to Buy Amid Strong Industry Tailwinds
• Positive Sentiment: Collins Aerospace opened a fully operational UK Engineering Center of Excellence, which should support next-generation aircraft systems development and certification work. RTX’s Collins Aerospace opens UK Engineering Center of Excellence
• Neutral Sentiment: Brokerage coverage continues to rate RTX as a “Moderate Buy,” suggesting Wall Street remains constructive but not materially changing the outlook today. RTX Receives Consensus Recommendation of Moderate Buy
• Neutral Sentiment: RTX was recently flagged as a trending stock by Zacks, but the piece is more of a readership/attention note than a clear operational catalyst. Is Trending Stock RTX Corporation (RTX) a Buy Now?
• Negative Sentiment: RTX saw a sharper one-day decline than the broader market in the most recent session, which may reflect profit-taking after the stock’s strong run. RTX Registers a Bigger Fall Than the Market: Important Facts to Note

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley cut their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, Citigroup reissued a “buy” rating on shares of RTX in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $211.38.

RTX Stock Performance

RTX stock opened at $194.99 on Friday. RTX Corporation has a twelve month low of $143.56 and a twelve 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. The company has a market cap of $262.59 billion, a P/E ratio of 36.58, a price-to-earnings-growth ratio of 2.76 and a beta of 0.30. The business’s fifty day moving average is $182.26 and its 200-day moving average is $191.27.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts forecast that RTX Corporation will post 6.92 EPS for the current year.

RTX Dividend Announcement

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

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.