May Hill Capital LLC Has $1.14 Million Position in RTX Corporation $RTX

May Hill Capital LLC raised its position in shares of RTX Corporation (NYSE:RTXFree Report) by 112.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,202 shares of the company’s stock after purchasing an additional 3,281 shares during the quarter. May Hill Capital LLC’s holdings in RTX were worth $1,137,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Navalign LLC acquired a new position in shares of RTX in the fourth quarter worth $25,000. BNP Paribas acquired a new position in shares of RTX in the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in shares of RTX in the third quarter worth $30,000. Wexford Capital LP acquired a new position in shares of RTX in the third quarter worth $33,000. Finally, Dogwood Wealth Management LLC increased its stake in shares of RTX by 57.3% in the third 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. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 2.6%

RTX stock opened at $171.11 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. RTX Corporation has a 52-week low of $130.90 and a 52-week high of $214.50. The company has a 50-day moving average of $191.79 and a two-hundred day moving average of $188.74. The stock has a market capitalization of $230.43 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.43 and a beta of 0.31.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating 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 company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the prior year, the company earned $1.47 earnings per share. The business’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. As a group, equities research analysts anticipate that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.7%. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. RTX’s dividend payout ratio is currently 51.03%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

Insider Buying and Selling at RTX

In other RTX news, EVP Ramsaran Maharajh sold 15,124 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,698,105.60. This represents a 53.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the sale, the executive vice president owned 16,749 shares of the company’s stock, valued at $3,397,199.67. This trade represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 63,592 shares of company stock worth $13,023,502 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. DZ Bank cut shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of RTX in a report on Tuesday, January 27th. Royal Bank Of Canada upped their price objective on shares of RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price objective on shares of RTX in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus target price of $210.75.

View Our Latest Stock Analysis on RTX

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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