ProShare Advisors LLC Buys 21,650 Shares of RTX Corporation $RTX

ProShare Advisors LLC grew its stake in RTX Corporation (NYSE:RTX) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,536 shares of the company’s stock after purchasing an additional 21,650 shares during the period. ProShare Advisors LLC’s holdings in RTX were worth $45,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Navalign LLC bought a new stake in shares of RTX in the 4th quarter worth about $25,000. BNP Paribas bought a new stake in shares of RTX in the 3rd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new stake in RTX during the 3rd quarter worth approximately $30,000. Wexford Capital LP bought a new stake in RTX during the 3rd quarter worth approximately $33,000. Finally, Dogwood Wealth Management LLC grew its position in RTX by 57.3% during 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. 86.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 15,124 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total value of $3,095,126.60. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. This trade represents a 53.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at $12,242,331.36. This trade represents a 37.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 63,592 shares of company stock valued at $13,023,502. 0.10% of the stock is currently owned by insiders.

RTX Stock Down 0.8%

Shares of RTX opened at $174.51 on Wednesday. The firm has a market capitalization of $235.00 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.49 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 business’s fifty day moving average price is $190.53 and its two-hundred day moving average price is $188.77. RTX Corporation has a 52 week low of $130.90 and a 52 week high of $214.50.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates 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 last year, the company earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. RTX’s payout ratio is 51.03%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank Of Canada increased their price target on RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 price objective on shares of RTX in a report on Thursday, March 5th. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Vertical Research reissued a “buy” rating and set a $227.00 price objective on shares of RTX in a report on Tuesday, January 27th. Finally, DZ Bank lowered shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $210.75.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, won an Office of Naval Research contract to further develop software-defined radar for next-generation naval systems, a potential growth driver in a high-value defense market. RTX’s Raytheon awarded contract to further develop next-generation software-defined radar capability
• Positive Sentiment: Raytheon completed the preliminary design review for NASA’s Landsat Next Instrument Suite, signaling progress on a space program that could add future revenue and strengthen RTX’s sensors and space portfolio. RTX’s Raytheon completes design review of Landsat Next space instruments
• Neutral Sentiment: Brokerage sentiment remains constructive, with RTX rated an average “Moderate Buy,” which may help support investor confidence but does not materially change the near-term fundamentals. RTX Corporation (NYSE:RTX) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Several articles mentioning “RTX” relate to NVIDIA-branded gaming GPUs and laptops, not RTX Corporation, and are unlikely to affect the stock.

About RTX

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.