RTX Corporation $RTX Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in RTX Corporation (NYSE:RTXFree Report) by 67.4% in the third quarter, Holdings Channel.com reports. The fund owned 520,140 shares of the company’s stock after selling 1,075,282 shares during the quarter. Victory Capital Management Inc.’s holdings in RTX were worth $87,035,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new stake in RTX in the 2nd quarter worth approximately $29,000. Valley Wealth Managers Inc. acquired a new stake in shares of RTX during the third quarter worth $30,000. SOA Wealth Advisors LLC. grew its position in shares of RTX by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after purchasing an additional 70 shares during the period. Dogwood Wealth Management LLC increased its stake in RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. Finally, Clayton Financial Group LLC purchased a new position in RTX during the third quarter worth about $36,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on RTX. UBS Group restated a “neutral” rating on shares of RTX in a report on Wednesday, January 28th. Royal Bank Of Canada boosted their target price on shares of RTX from $220.00 to $230.00 and gave the company an “outperform” rating 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 research report on Sunday, December 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price objective on shares of RTX in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $202.00.

View Our Latest Report on RTX

RTX Price Performance

Shares of NYSE RTX opened at $203.95 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $214.50. The company has a market capitalization of $273.76 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 3.02 and a beta of 0.42. The business has a 50-day moving average of $197.03 and a 200-day moving average of $178.18.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08. RTX had a return on equity of 13.08% and a net margin of 7.60%.The firm had revenue of $24.24 billion for the quarter, compared to analyst estimates of $22.65 billion. During the same period in the previous year, the company posted $1.54 EPS. RTX’s revenue for the quarter was up 12.1% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 20th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 20th. RTX’s dividend payout ratio (DPR) is presently 54.84%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the transaction, the executive vice president owned 16,749 shares in the company, valued at $3,397,199.67. The trade was a 43.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shane G. Eddy sold 17,527 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $199.16, for a total transaction of $3,490,677.32. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,255 shares of company stock worth $18,151,956 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

About RTX

(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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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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