RTX Corporation $RTX Shares Sold by Summit Securities Group LLC

by · The Cerbat Gem

Summit Securities Group LLC cut its stake in RTX Corporation (NYSE:RTXFree Report) by 95.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221 shares of the company’s stock after selling 5,070 shares during the quarter. Summit Securities Group LLC’s holdings in RTX were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas acquired a new position in RTX during the 3rd quarter worth approximately $25,000. Navalign LLC purchased a new position in RTX in the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new stake in RTX in the fourth quarter valued at approximately $26,000. Core Wealth Advisors LLC acquired a new stake in RTX in the fourth quarter valued at approximately $31,000. Finally, 1 North Wealth Services LLC raised its stake in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.3%

Shares of RTX stock traded up $0.61 during trading on Friday, reaching $195.81. The company had a trading volume of 2,821,542 shares, compared to its average volume of 4,648,892. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX Corporation has a fifty-two week low of $143.56 and a fifty-two week high of $214.50. The firm’s fifty day moving average is $182.73 and its 200-day moving average is $191.30. The company has a market cap of $263.69 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 2.67 and a beta of 0.30.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results 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 the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, analysts anticipate that RTX Corporation will post 6.92 EPS for the current year.

RTX Announces Dividend

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

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. UBS Group lowered their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Erste Group Bank downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Citigroup reiterated a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Finally, Morgan Stanley decreased their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $211.38.

View Our Latest Stock Report on RTX

About RTX

(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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