6,984 Shares in RTX Corporation $RTX Purchased by MidFirst Bank

MidFirst Bank purchased a new stake in shares of RTX Corporation (NYSE:RTX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,984 shares of the company’s stock, valued at approximately $1,281,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navalign LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC purchased a new stake in RTX in the 4th quarter valued at $26,000. BNP Paribas bought a new position in RTX during the 3rd quarter valued at $25,000. Core Wealth Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth $31,000. Finally, 1 North Wealth Services LLC lifted its position in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Analysts and market commentary highlighted RTX as a possible beneficiary of surging European defense spending, reinforcing the company’s role as a major aerospace and defense supplier. How to Invest in the Biggest European Defense Surge in Decades (RTX)
• Positive Sentiment: A separate defense-industry piece warned that the U.S. needs more munitions and that deliveries are years behind, which could support long-term demand for RTX’s defense and missile-related businesses. U.S. Military Expert Issues Grave Warning: ‘We Need More Munitions and Deliveries Are Years Behind.’ What Stocks Can Benefit?
• Positive Sentiment: Technical and valuation-focused coverage suggested RTX has established a new price floor and may be undervalued, which can encourage buying interest. RTX (RTX) Stock Could Be 13.2% Undervalued After Revenue Hit US$90.4b
• Neutral Sentiment: Several articles referenced NVIDIA’s RTX branding, high-end GPUs, or consumer laptop pricing, but these appear unrelated to RTX Corporation’s defense/aerospace operations and are unlikely to materially affect the stock.
• Negative Sentiment: Recent trading-session coverage noted RTX shares slipped in the prior session, showing some near-term volatility despite the broader defense backdrop. RTX (RTX) Stock Declines While Market Improves: Some Information for Investors

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price objective on shares of RTX in a research report on Thursday, March 5th. Morgan Stanley reduced their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $211.38.

RTX Price Performance

Shares of NYSE RTX opened at $186.07 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $181.86 and a two-hundred day simple moving average of $189.46. RTX Corporation has a 1-year low of $140.47 and a 1-year high of $214.50. The firm has a market cap of $250.58 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.63 and a beta of 0.31.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the company posted $1.47 earnings per share. The business’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. Analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were given a dividend of $0.73 per share. This is a boost 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 was Friday, May 22nd. RTX’s dividend payout ratio (DPR) 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.