Daiwa Securities Group Inc. Boosts Stock Position in RTX Corporation $RTX

Daiwa Securities Group Inc. increased its stake in shares of RTX Corporation (NYSE:RTX) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 216,470 shares of the company’s stock after buying an additional 7,140 shares during the quarter. Daiwa Securities Group Inc.’s holdings in RTX were worth $39,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in RTX in the 4th quarter worth about $3,167,626,000. Vanguard Group Inc. boosted its stake in RTX by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after buying an additional 2,210,950 shares during the last quarter. California Public Employees Retirement System boosted its stake in RTX by 27.5% in the 3rd quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company’s stock worth $802,640,000 after buying an additional 1,034,456 shares during the last quarter. Groupama Asset Managment acquired a new stake in RTX in the 3rd quarter worth about $150,078,000. Finally, Legal & General Group Plc boosted its stake in RTX by 13.4% in the 3rd quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock worth $1,199,338,000 after buying an additional 846,656 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Jefferies upgraded RTX to Buy from Hold and raised its price target to $220 from $210, citing improving margins, strength in commercial aerospace engine aftermarket demand, and continued defense-business momentum. Article Title
• Positive Sentiment: RTX’s Raytheon unit won a $515 million U.S. Navy contract for SPY-6 radar systems, expanding deployment across the fleet and allied governments and underscoring demand for its defense electronics and sensors business. Article Title
• Positive Sentiment: RTX is also expanding landing gear production through a new Poland facility as Collins Aerospace boosts capacity to meet rising aircraft demand, supporting its aerospace growth story. Article Title
• Neutral Sentiment: Additional coverage highlighted RTX as a strong momentum stock and reiterated the SPY-6 contract, but these pieces mainly echoed already positive catalysts rather than adding new information. Article Title

Analyst Ratings Changes

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. UBS Group decreased their price target on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. DZ Bank cut RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Finally, Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.38.

RTX Stock Up 4.1%

Shares of NYSE:RTX opened at $179.61 on Friday. 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 Corporation has a 1 year low of $135.43 and a 1 year high of $214.50. The stock has a market capitalization of $241.87 billion, a P/E ratio of 33.70, a PEG ratio of 2.45 and a beta of 0.31. The stock has a 50-day simple moving average of $184.32 and a 200-day simple moving average of $188.77.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (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 business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the previous year, the business earned $1.47 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts forecast that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be given a dividend of $0.73 per share. 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 yield of 1.6%. RTX’s dividend payout ratio is presently 54.78%.

RTX Company 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.