New Age Alpha Advisors LLC Takes Position in RTX Corporation $RTX
by Renee Jackson · The Cerbat GemNew Age Alpha Advisors LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX – Free 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:
- Positive Sentiment: Raytheon, an RTX business, delivered the first Lightweight Command Launch Units to the U.S. Army, a sign that execution on a key Javelin program is advancing and could support future production growth. First Javelin Lightweight Command Launch Units delivered to the U.S. Army
- Positive Sentiment: RTX’s Raytheon was selected by DARPA to advance composable solid rocket motor technology, a contract that could strengthen RTX’s position in future missile and propulsion systems. RTX’s Raytheon selected by DARPA to advance composable solid rocket motor technology
- Positive Sentiment: Analysts and commentators highlighted RTX as a multi-year winner from rising defense spending, larger munition production capacity, and a very large backlog, which supports revenue visibility and margin expansion. RTX Corporation: A Dual Cycle Profile In Play
- Positive Sentiment: RTX was also discussed as a top defense name alongside peers benefiting from dividend increases, which may appeal to income-focused investors even though the article was broader than RTX alone. 3 Defense Giants Boosting Dividends as Shares Take a Ride
- Neutral Sentiment: Coverage comparing AeroVironment and RTX kept RTX in the spotlight as investors weigh different defense technologies, but it did not include a direct new company-specific catalyst. AeroVironment vs. RTX: Which Aerospace-Defense Stock Has the Edge?
- Neutral Sentiment: Additional commentary framed RTX as a modular, software-centric defense growth story, emphasizing ongoing modernization work rather than a brand-new surprise. RTX Defense Breakthroughs Highlight Modular And Software Centric Growth Story
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:RTX – Get 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
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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