Bridgeway Capital Management LLC Decreases Position in RTX Corporation $RTX

Bridgeway Capital Management LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,155 shares of the company’s stock after selling 3,481 shares during the period. RTX accounts for about 0.5% of Bridgeway Capital Management LLC’s portfolio, making the stock its 29th biggest position. Bridgeway Capital Management LLC’s holdings in RTX were worth $24,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the last quarter. United Bank grew its stake in shares of RTX by 68.0% during the second quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after buying an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in shares of RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock valued at $3,052,000 after buying an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of RTX during the second quarter valued at approximately $5,157,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Up 3.0%

Shares of NYSE RTX opened at $192.31 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $258.98 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.65 and a beta of 0.31. The stock’s fifty day simple moving average is $182.44 and its two-hundred day simple moving average is $189.41. RTX Corporation has a 12-month low of $140.47 and a 12-month high of $214.50.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is 54.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley cut their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company assumed coverage on RTX in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price on the stock. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price on shares of RTX in a research note on Thursday, March 5th. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX drew investor interest after a new analysis said the stock could be undervalued by about 13% based on annual revenue of $90.4 billion and net income of $7.3 billion, reinforcing the case that the shares may have room to run. RTX (RTX) Stock Could Be 13.2% Undervalued After Revenue Hit US$90.4b
• Positive Sentiment: GM Defense discussions involving RTX and other defense partners suggest potential supply-chain and weapons-stockpile demand tailwinds for RTX’s defense businesses. GM Defense Talks Could Reshape Munitions Supply Chains
• Positive Sentiment: RTX announced plans to invest $100 million in its Raytheon Rhode Island facility, a signal that management is continuing to fund capacity and long-term defense production. RTX to Invest $100 Million in Raytheon Rhode Island Facility
• Neutral Sentiment: RTX’s aircraft interiors business is being highlighted as a growth driver as airlines modernize cabins and upgrade connectivity, but the article is more of a strategic positive than a near-term earnings catalyst. How Is RTX Strengthening Growth via Advanced Aircraft Interiors?
• Neutral Sentiment: Recent market coverage noted RTX outperformed on a down day for the broader market, but the move largely reflects relative strength rather than a new company-specific catalyst. RTX (RTX) Gains As Market Dips: What You Should Know

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.