Bollard Group LLC Buys 2,419 Shares of RTX Corporation $RTX

Bollard Group LLC boosted its position in RTX Corporation (NYSE:RTXFree Report) by 10.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,451 shares of the company’s stock after acquiring an additional 2,419 shares during the quarter. Bollard Group LLC’s holdings in RTX were worth $5,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Navalign LLC purchased a new stake in RTX in the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX in the fourth quarter worth $26,000. Core Wealth Advisors LLC purchased a new stake in RTX during the fourth quarter valued at about $31,000. 1 North Wealth Services LLC boosted its position in 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 buying an additional 137 shares during the period. Finally, Evergreen Advisors LLC bought a new position in shares of RTX during the first quarter valued at about $31,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on RTX shares. Robert W. Baird set a $240.00 price objective on RTX in a research report on Friday. Citigroup restated a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Jefferies Financial Group restated a “buy” rating on shares of RTX in a report on Wednesday, July 8th. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $240.00 target price on shares of RTX in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average price target of $218.62.

Read Our Latest Research Report on RTX

RTX Stock Performance

Shares of RTX opened at $213.09 on Friday. The business has a 50-day simple moving average of $187.08 and a two-hundred day simple moving average of $192.19. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $214.89. The stock has a market cap of $286.97 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 2.76 and a beta of 0.30.

RTX (NYSE:RTXGet Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter in the prior year, the firm posted $1.56 EPS. RTX’s quarterly revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, analysts expect that RTX Corporation will post 7.18 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. RTX’s payout ratio is currently 51.41%.

More RTX News

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RTX Company 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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