Norges Bank Takes $3.17 Billion Position in RTX Corporation $RTX

Norges Bank acquired a new stake in RTX Corporation (NYSE:RTX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,271,681 shares of the company’s stock, valued at approximately $3,167,626,000.

A number of other hedge funds have also made changes to their positions in the business. Alpha Cubed Investments LLC grew its stake in RTX by 0.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after buying an additional 50 shares during the last quarter. LeConte Wealth Management LLC grew its stake in RTX by 2.3% during the 4th quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock worth $412,000 after buying an additional 51 shares during the last quarter. Rydar Equities Inc. grew its stake in RTX by 0.4% during the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after buying an additional 52 shares during the last quarter. Howard Capital Management Inc. grew its stake in RTX by 0.4% during the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after buying an additional 53 shares during the last quarter. Finally, Purus Wealth Management LLC grew its stake in RTX by 0.4% during the 4th quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock worth $2,700,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.1%

Shares of RTX stock opened at $179.16 on Friday. The business’s 50 day moving average is $186.04 and its two-hundred day moving average is $188.74. RTX Corporation has a twelve month low of $131.90 and a twelve month high of $214.50. The company has a market capitalization of $241.27 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 2.54 and a beta of 0.31. 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 announced 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. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities 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. Stockholders of record on Friday, May 22nd will be issued a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is 54.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group dropped 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. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. Morgan Stanley dropped their price target on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Citigroup dropped their price target on RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Jefferies Financial Group dropped their price target on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.75.

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.