Lighthouse Financial Services Inc. ADV Purchases Shares of 19,965 RTX Corporation $RTX

Lighthouse Financial Services Inc. ADV purchased a new stake in RTX Corporation (NYSE:RTXFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 19,965 shares of the company’s stock, valued at approximately $3,661,000. RTX comprises 0.8% of Lighthouse Financial Services Inc. ADV’s holdings, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC increased its stake in RTX by 0.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after buying an additional 50 shares during the last quarter. LeConte Wealth Management LLC increased its stake in RTX by 2.3% in the 4th quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after buying an additional 51 shares during the last quarter. Rydar Equities Inc. increased its stake in RTX by 0.4% in the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after buying an additional 52 shares during the last quarter. Howard Capital Management Inc. grew its position in shares of RTX by 0.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after acquiring an additional 53 shares during the period. Finally, Purus Wealth Management LLC grew its position in shares of RTX by 0.4% in the 4th quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock valued at $2,700,000 after acquiring an additional 53 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX stock opened at $176.21 on Friday. The company has a market capitalization of $237.30 billion, a price-to-earnings ratio of 33.06, a PEG 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. The company has a 50-day simple moving average of $195.09 and a 200 day simple moving average of $188.74. RTX Corporation has a 52 week low of $126.03 and a 52 week high of $214.50.

RTX (NYSE:RTXGet Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. The business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. RTX’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on RTX. Sanford C. Bernstein reissued a “market perform” rating and issued a $204.00 price objective on shares of RTX in a research report on Thursday, January 29th. Vertical Research reissued a “buy” rating and issued a $227.00 price objective on shares of RTX in a research report on Tuesday, January 27th. Jefferies Financial Group decreased their price objective 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. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of RTX in a research report on Thursday, January 15th. Finally, UBS Group decreased their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.59.

Read Our Latest Research Report on RTX

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 8,136 shares of RTX stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the completion of the sale, the vice president owned 27,102 shares of the company’s stock, valued at approximately $5,455,632.60. The trade was a 23.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 15,124 shares of RTX stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,698,105.60. The trade was a 53.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 89,255 shares of company stock worth $18,151,956 in the last ninety days. Insiders own 0.10% of the company’s stock.

RTX News Roundup

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RTX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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