New Age Alpha Advisors LLC Takes Position in RTX Corporation $RTX

by · The Cerbat Gem

New Age Alpha Advisors LLC acquired a new stake in shares of RTX Corporation (NYSE:RTXFree Report) during the 4th quarter, Holdings Channel reports. The firm acquired 12,585 shares of the company’s stock, valued at approximately $2,308,000.

Several other institutional investors have also recently made changes to their positions in the stock. BNP Paribas acquired a new stake in shares of RTX in the 3rd quarter worth about $25,000. Navalign LLC acquired a new stake in shares of RTX in the 4th quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of RTX in the 3rd quarter worth about $30,000. Wexford Capital LP acquired a new stake in shares of RTX in the 3rd quarter worth about $33,000. Finally, Dogwood Wealth Management LLC raised its holdings in shares of RTX by 57.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX News Summary

Here are the key news stories impacting RTX this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RTX shares. Robert W. Baird set a $225.00 target price on shares of RTX in a report on Wednesday, January 28th. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Royal Bank Of Canada upped their target price on shares of RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, UBS Group lowered their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $210.75.

View Our Latest Stock Report on RTX

RTX Trading Up 1.2%

Shares of RTX stock opened at $179.06 on Wednesday. RTX Corporation has a 52-week low of $130.90 and a 52-week high of $214.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The company has a 50-day simple moving average of $187.62 and a two-hundred day simple moving average of $188.79. The company has a market capitalization of $241.14 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 2.51 and a beta of 0.31.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) 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 business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts anticipate that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is currently 54.78%.

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.

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