COFG Advisors LLC Invests $547,000 in RTX Corporation $RTX

COFG Advisors LLC purchased a new position in RTX Corporation (NYSE:RTX) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,982 shares of the company’s stock, valued at approximately $547,000.

A number of other hedge funds have also modified their holdings of RTX. Brighton Jones LLC increased its position in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC increased its position in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the last quarter. United Bank increased its position in RTX by 68.0% during the second quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after buying an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. increased its position in RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after buying an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in RTX during the second quarter worth $5,157,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on RTX. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Jefferies Financial Group lowered their price target on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price target on shares of RTX in a research report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $210.75.

RTX Stock Down 2.9%

NYSE RTX opened at $174.39 on Tuesday. 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 firm has a 50-day simple moving average of $185.52 and a 200 day simple moving average of $188.78. RTX Corporation has a twelve month low of $135.43 and a twelve month high of $214.50. The stock has a market cap of $234.84 billion, a PE ratio of 32.72, a PEG ratio of 2.55 and a beta of 0.31.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter last year, the company earned $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 year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, May 22nd. RTX’s dividend payout ratio is 54.78%.

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.