RTX Corporation $RTX Position Increased by King Luther Capital Management Corp

King Luther Capital Management Corp raised its position in shares of RTX Corporation (NYSE:RTX) by 239.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 391,150 shares of the company’s stock after buying an additional 275,952 shares during the quarter. King Luther Capital Management Corp’s holdings in RTX were worth $71,737,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RTX. Brighton Jones LLC lifted its stake in 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 in the last quarter. Revolve Wealth Partners LLC lifted its stake in 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 in the last quarter. United Bank lifted its stake in 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 in the last quarter. Schnieders Capital Management LLC. lifted its stake in 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in RTX during the second quarter valued at about $5,157,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, delivered the first Lightweight Command Launch Units to the U.S. Army, a sign that execution on a key Javelin program is advancing and could support future production growth. First Javelin Lightweight Command Launch Units delivered to the U.S. Army
• Positive Sentiment: RTX’s Raytheon was selected by DARPA to advance composable solid rocket motor technology, a contract that could strengthen RTX’s position in future missile and propulsion systems. RTX’s Raytheon selected by DARPA to advance composable solid rocket motor technology
• Positive Sentiment: Analysts and commentators highlighted RTX as a multi-year winner from rising defense spending, larger munition production capacity, and a very large backlog, which supports revenue visibility and margin expansion. RTX Corporation: A Dual Cycle Profile In Play
• Positive Sentiment: RTX was also discussed as a top defense name alongside peers benefiting from dividend increases, which may appeal to income-focused investors even though the article was broader than RTX alone. 3 Defense Giants Boosting Dividends as Shares Take a Ride
• Neutral Sentiment: Coverage comparing AeroVironment and RTX kept RTX in the spotlight as investors weigh different defense technologies, but it did not include a direct new company-specific catalyst. AeroVironment vs. RTX: Which Aerospace-Defense Stock Has the Edge?
• Neutral Sentiment: Additional commentary framed RTX as a modular, software-centric defense growth story, emphasizing ongoing modernization work rather than a brand-new surprise. RTX Defense Breakthroughs Highlight Modular And Software Centric Growth Story

Wall Street Analysts Forecast Growth

A number of analysts have commented on RTX shares. Vertical Research reaffirmed a “buy” rating and set a $227.00 price objective on shares of RTX in a research note on Tuesday, January 27th. Wolfe Research reissued an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. DZ Bank lowered shares of RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research report on Friday, April 10th. Finally, Jefferies Financial Group reduced their price target on shares of RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average price target of $210.75.

RTX Trading Up 1.2%

NYSE:RTX opened at $179.06 on Wednesday. The stock’s 50 day moving average price is $187.62 and its 200 day moving average price is $188.79. RTX Corporation has a 52 week low of $130.90 and a 52 week high of $214.50. The company has a market capitalization of $241.14 billion, a P/E ratio of 33.59, a P/E/G ratio of 2.51 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.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts forecast that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be issued a $0.73 dividend. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 22nd. RTX’s dividend payout ratio is currently 54.78%.

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.