Natixis Advisors LLC Trims Holdings in RTX Corporation $RTX

Natixis Advisors LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,355,182 shares of the company’s stock after selling 78,466 shares during the period. Natixis Advisors LLC owned about 0.10% of RTX worth $248,540,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas purchased a new stake in RTX during the 3rd quarter valued at $25,000. Navalign LLC purchased a new stake in RTX during the 4th quarter valued at $25,000. Core Wealth Advisors LLC bought a new position in RTX in the 4th quarter worth $31,000. Wexford Capital LP bought a new position in shares of RTX during the 3rd quarter valued at about $33,000. Finally, Dogwood Wealth Management LLC lifted its holdings in shares of RTX by 57.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research report on Friday, April 10th. UBS Group decreased their target price 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. Jefferies Financial Group cut their target price on shares of RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Morgan Stanley decreased their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Wolfe Research reiterated an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.75.

RTX Stock Performance

Shares of RTX opened at $174.39 on Tuesday. 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 market cap of $234.84 billion, a P/E ratio of 32.72, a PEG ratio of 2.55 and a beta of 0.31. The company has a 50-day moving average of $185.52 and a two-hundred day moving average of $188.78. RTX Corporation has a 12-month low of $135.43 and a 12-month high of $214.50.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, research analysts predict that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be given a $0.73 dividend. 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 dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s dividend payout ratio (DPR) 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.