Allspring Global Investments Holdings LLC Sells 27,015 Shares of RTX Corporation $RTX

Allspring Global Investments Holdings LLC lessened its stake in shares of RTX Corporation (NYSE:RTXFree Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 512,206 shares of the company’s stock after selling 27,015 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in RTX were worth $95,911,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. BNP Paribas purchased a new stake in RTX during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new position in shares of RTX in the 3rd quarter worth $30,000. SOA Wealth Advisors LLC. grew its holdings in shares of RTX by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after acquiring an additional 70 shares during the period. Wexford Capital LP bought a new stake in shares of RTX during the 3rd quarter valued at about $33,000. Finally, Dogwood Wealth Management LLC increased its position in shares of RTX by 57.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RTX shares. TD Cowen reiterated a “buy” rating on shares of RTX in a research note on Tuesday, January 27th. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Erste Group Bank assumed coverage on RTX in a research note on Tuesday, March 24th. They issued a “buy” rating for the company. JPMorgan Chase & Co. raised their target price on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Susquehanna reiterated a “positive” rating and set a $230.00 target price on shares of RTX in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Get Our Latest Analysis on RTX

Insider Activity

In related news, insider Shane G. Eddy sold 17,527 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $199.16, for a total transaction of $3,490,677.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 12,713 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the transaction, the executive vice president directly owned 16,749 shares of the company’s stock, valued at $3,397,199.67. This trade represents a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 89,255 shares of company stock valued at $18,151,956 in the last quarter. Company insiders own 0.10% of the company’s stock.

More RTX News

Here are the key news stories impacting RTX this week:

RTX Stock Up 3.1%

RTX opened at $192.89 on Wednesday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $214.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.03. The stock has a market cap of $259.62 billion, a price-to-earnings ratio of 38.89, a price-to-earnings-growth ratio of 2.71 and a beta of 0.42. The firm’s fifty day moving average is $200.30 and its 200 day moving average is $183.92.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The business had revenue of $24.24 billion for the quarter, compared to analysts’ expectations of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 20th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 20th. RTX’s payout ratio is 54.84%.

RTX 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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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