SCS Capital Management LLC Trims Stock Position in RTX Corporation $RTX

by · The Markets Daily

SCS Capital Management LLC reduced its stake in shares of RTX Corporation (NYSE:RTX – Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,612 shares of the company’s stock after selling 5,141 shares during the quarter. SCS Capital Management LLC’s holdings in RTX were worth $34,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Florida Financial Advisors LLC boosted its holdings in shares of RTX by 20.0% during the 4th quarter. Florida Financial Advisors LLC now owns 9,306 shares of the company’s stock valued at $1,703,000 after buying an additional 1,548 shares in the last quarter. Rothschild Wealth LLC boosted its position in shares of RTX by 48.9% in the 4th quarter. Rothschild Wealth LLC now owns 1,952 shares of the company’s stock worth $358,000 after purchasing an additional 641 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of RTX by 1.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 12,129 shares of the company’s stock worth $2,227,000 after purchasing an additional 206 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in RTX by 2.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 454,827 shares of the company’s stock valued at $83,415,000 after buying an additional 8,781 shares in the last quarter. Finally, Portland Global Advisors LLC bought a new position in RTX during the 4th quarter valued at approximately $203,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $179.16 on Monday. RTX Corporation has a twelve month low of $131.90 and a twelve month high of $214.50. The firm has a market cap of $241.27 billion, a P/E ratio of 33.61, a PEG ratio of 2.55 and a beta of 0.31. The company has a 50 day moving average of $186.04 and a 200 day moving average of $188.81. 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 announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the business earned $1.47 EPS. The firm’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, research analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio (DPR) is currently 54.78%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Jefferies Financial Group reduced their price objective on RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Wells Fargo & Company started coverage on RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective for the company. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Wolfe Research reissued an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $210.75.

Check Out Our Latest Stock Analysis on RTX

RTX 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.

Further Reading

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