Waverly Advisors LLC grew its holdings in RTX Corporation (NYSE:RTX – Free 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.
More RTX News
Here are the key news stories impacting RTX this week:
- Positive Sentiment: RTX reported better-than-expected Q2 adjusted EPS of $1.89 on revenue of $24.71 billion, topping Wall Street estimates and showing 14.5% year-over-year revenue growth. RTX Beats on Q2 Earnings, Lifts Full-Year 2026 Guidance
- Positive Sentiment: The company raised full-year 2026 guidance for sales, EPS, and free cash flow, signaling management sees momentum continuing into the rest of the year. RTX Reports Q2 2026 Results
- Positive Sentiment: RTX highlighted a record $289 billion backlog and more than $5 billion in Patriot-related bookings, including its first U.S. Patriot order in over 30 years, reinforcing strong demand for missile and defense systems. QUICK SPARK: RTX Just Received Its First US Patriot Order in 30 Years
- Positive Sentiment: Several analysts turned more constructive, with RBC and Morgan Stanley pointing to stronger aerospace and defense demand, margin upside, and additional growth potential through 2027. RTX Q2 Results Beat Expectations on Strong Aerospace, Defense Demand, RBC Says
- Neutral Sentiment: Wells Fargo raised its price target on RTX, but kept an “equal weight” rating, suggesting a more balanced view despite the improved outlook.
- Negative Sentiment: Some commentary noted potential headwinds tied to geopolitical risks and execution challenges, which could limit upside if defense demand or operations soften. RTX Stock Rises After Strong Earnings but Faces Two Iran War Headwinds
RTX Stock Up 0.1%
RTX (NYSE:RTX – Get 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.
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.
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