RTX Corporation (NYSE:RTX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of RTX Corporation (NYSE:RTX) have been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $210.75.

RTX has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Wolfe Research restated an “outperform” rating on shares of RTX in a research note on Wednesday, February 4th. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. Finally, Robert W. Baird set a $225.00 target price on RTX in a research note on Wednesday, January 28th.

RTX Stock Performance

Shares of RTX opened at $177.06 on Tuesday. The firm has a market cap of $238.45 billion, a PE ratio of 33.22, a PEG ratio of 2.51 and a beta of 0.31. The stock’s fifty day moving average price is $188.64 and its two-hundred day moving average price is $188.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. RTX has a 1 year low of $130.90 and a 1 year high of $214.50.

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. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities research analysts forecast that RTX will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio is presently 51.03%.

Insider Activity

In related news, EVP Dantaya M. Williams sold 12,713 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the sale, the executive vice president directly owned 16,749 shares in the company, valued at approximately $3,397,199.67. The trade was a 43.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Trading of RTX

A number of hedge funds and other institutional investors have recently made changes to their positions in RTX. Norges Bank bought a new stake in shares of RTX during the 4th quarter valued at $3,167,626,000. Auto Owners Insurance Co raised its stake in shares of RTX by 24,730.9% during the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after purchasing an additional 10,062,269 shares during the period. Amundi raised its stake in shares of RTX by 69.7% during the 1st quarter. Amundi now owns 7,472,243 shares of the company’s stock valued at $1,441,396,000 after purchasing an additional 3,070,123 shares during the period. Vanguard Group Inc. raised its stake in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares during the period. Finally, Artisan Partners Limited Partnership raised its stake in shares of RTX by 1,545.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock valued at $316,128,000 after purchasing an additional 1,618,933 shares during the period. 86.50% of the stock is currently owned by institutional investors.

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.