Silver Oak Securities Incorporated Has $3.81 Million Stock Holdings in RTX Corporation $RTX

Silver Oak Securities Incorporated increased its position in RTX Corporation (NYSE:RTX) by 25.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,731 shares of the company’s stock after purchasing an additional 4,003 shares during the quarter. Silver Oak Securities Incorporated’s holdings in RTX were worth $3,806,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC increased its position in RTX by 1.9% during the first quarter. Kestra Private Wealth Services LLC now owns 208,954 shares of the company’s stock worth $40,307,000 after buying an additional 3,944 shares during the last quarter. Park Edge Advisors LLC lifted its position in shares of RTX by 3.5% in the first quarter. Park Edge Advisors LLC now owns 8,283 shares of the company’s stock valued at $1,598,000 after buying an additional 280 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of RTX by 0.7% during the 1st quarter. Ritholtz Wealth Management now owns 47,344 shares of the company’s stock worth $9,133,000 after acquiring an additional 336 shares during the period. Breakwater Capital Group boosted its stake in shares of RTX by 1.7% during the 1st quarter. Breakwater Capital Group now owns 5,221 shares of the company’s stock worth $1,007,000 after acquiring an additional 86 shares during the period. Finally, Tanager Wealth Management LLP increased its holdings in shares of RTX by 5.6% during the 1st quarter. Tanager Wealth Management LLP now owns 1,592 shares of the company’s stock worth $307,000 after acquiring an additional 84 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE:RTX opened at $185.27 on Thursday. The stock has a 50 day simple moving average of $180.81 and a 200 day simple moving average of $189.93. The stock has a market cap of $249.50 billion, a P/E ratio of 34.76, a PEG ratio of 2.64 and a beta of 0.31. RTX Corporation has a 1-year low of $140.47 and a 1-year high of $214.50. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

RTX (NYSE:RTX) last issued 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 company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were given 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 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. RTX’s payout ratio is 54.78%.

Analysts Set New Price Targets

RTX has been the topic of a number of research analyst reports. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price objective on shares of RTX in a research report on Thursday, March 5th. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. UBS Group cut their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of RTX in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

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.