Waverly Advisors LLC Has $10.97 Million Stock Position in RTX Corporation $RTX

Waverly Advisors LLC grew its holdings in RTX Corporation (NYSE:RTXFree Report) by 12.1% during the 1st quarter, HoldingsChannel reports. The firm owned 56,875 shares of the company’s stock after purchasing an additional 6,117 shares during the quarter. Waverly Advisors LLC’s holdings in RTX were worth $10,971,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RTX. Navalign LLC bought a new position in shares of RTX in the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of RTX during the fourth quarter worth $26,000. Evergreen Advisors LLC acquired a new position in RTX in the 1st quarter worth about $31,000. Core Wealth Advisors LLC acquired a new stake in RTX during the 4th quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC grew its stake in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

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RTX Stock Up 0.1%

Shares of NYSE RTX opened at $213.09 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The firm has a market cap of $287.20 billion, a PE ratio of 37.52, a P/E/G ratio of 2.84 and a beta of 0.30. The company’s fifty day simple moving average is $187.08 and its 200 day simple moving average is $192.22. RTX Corporation has a 12-month low of $150.61 and a 12-month high of $214.89.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. The firm had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 7.1 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio (DPR) is 51.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RTX. Wells Fargo & Company upped their price objective on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. UBS Group reiterated a “neutral” rating and set a $215.00 price target on shares of RTX in a report on Friday. Finally, Weiss Ratings raised RTX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.50.

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RTX Company Profile

(Free Report)

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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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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