Louisiana State Employees Retirement System Takes Position in RTX Corporation $RTX

Louisiana State Employees Retirement System bought a new position in shares of RTX Corporation (NYSE:RTX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 68,400 shares of the company’s stock, valued at approximately $13,194,000.

Several other hedge funds have also recently bought and sold shares of RTX. Silver Oak Securities Incorporated increased its position in shares of RTX by 25.5% during the first quarter. Silver Oak Securities Incorporated now owns 19,731 shares of the company’s stock worth $3,806,000 after acquiring an additional 4,003 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in RTX by 1.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 208,954 shares of the company’s stock valued at $40,307,000 after acquiring an additional 3,944 shares in the last quarter. Park Edge Advisors LLC boosted its stake in RTX by 3.5% in the 1st quarter. Park Edge Advisors LLC now owns 8,283 shares of the company’s stock worth $1,598,000 after purchasing an additional 280 shares during the period. Ritholtz Wealth Management increased its holdings in RTX by 0.7% during the 1st quarter. Ritholtz Wealth Management now owns 47,344 shares of the company’s stock worth $9,133,000 after purchasing an additional 336 shares in the last quarter. Finally, Breakwater Capital Group increased its holdings in RTX by 1.7% during the 1st quarter. Breakwater Capital Group now owns 5,221 shares of the company’s stock worth $1,007,000 after purchasing an additional 86 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on RTX shares. Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $210.00 to $220.00 in a report on Thursday, June 4th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price target on shares of RTX in a research report on Thursday, March 5th. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $211.38.

RTX Price Performance

NYSE:RTX opened at $186.34 on Friday. RTX Corporation has a 52-week low of $141.26 and a 52-week high of $214.50. The company has a market cap of $250.94 billion, a P/E ratio of 34.96, a P/E/G ratio of 2.62 and a beta of 0.31. 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 stock’s 50-day simple moving average is $180.48 and its 200 day simple moving average is $190.04.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were paid a $0.73 dividend. This is a boost from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. RTX’s dividend payout ratio (DPR) is 54.78%.

RTX Company 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.