Windward Capital Management Co. CA Sells 4,929 Shares of RTX Corporation $RTX

Windward Capital Management Co. CA lowered its position in shares of RTX Corporation (NYSE:RTX) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 135,133 shares of the company’s stock after selling 4,929 shares during the quarter. RTX accounts for about 2.0% of Windward Capital Management Co. CA’s holdings, making the stock its 16th biggest position. Windward Capital Management Co. CA’s holdings in RTX were worth $24,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RTX. California Public Employees Retirement System lifted its stake in RTX by 27.5% in the third quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company’s stock valued at $802,640,000 after buying an additional 1,034,456 shares during the period. Groupama Asset Managment bought a new stake in shares of RTX in the 3rd quarter valued at $150,078,000. Legal & General Group Plc boosted its stake in RTX by 13.4% during the third quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock worth $1,199,338,000 after acquiring an additional 846,656 shares in the last quarter. Capital Research Global Investors increased its stake in RTX by 1.1% in the third quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock valued at $12,750,087,000 after purchasing an additional 799,155 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of RTX by 37.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,649,335 shares of the company’s stock valued at $443,313,000 after buying an additional 722,030 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 17,527 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $199.16, for a total value of $3,490,677.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $12,242,331.36. The trade was a 37.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 89,255 shares of company stock worth $18,151,956 over the last 90 days. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RTX has been the subject of several research reports. Erste Group Bank initiated coverage on shares of RTX in a research report on Tuesday, March 24th. They issued a “buy” rating for the company. Wells Fargo & Company began coverage on RTX in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target for the company. DZ Bank lowered RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Finally, Wall Street Zen upgraded shares of RTX from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $202.28.

RTX Price Performance

RTX stock opened at $179.47 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.80 and a current ratio of 1.02. The firm has a market cap of $241.68 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.61 and a beta of 0.43. The firm’s fifty day moving average is $199.47 and its 200 day moving average is $187.63. RTX Corporation has a 52 week low of $119.51 and a 52 week high of $214.50.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. The firm 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts predict that RTX Corporation will post 6.81 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, February 20th. RTX’s dividend payout ratio is currently 51.03%.

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.