RTX Corporation (NYSE:RTX) Receives Average Recommendation of “Moderate Buy” from Brokerages

RTX Corporation (NYSE:RTXGet Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $206.5882.

Several equities analysts recently issued reports on RTX shares. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. Erste Group Bank downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird set a $225.00 price objective on shares of RTX in a research note on Wednesday, January 28th. Sanford C. Bernstein reissued a “market perform” rating and set a $204.00 price objective on shares of RTX in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th.

Check Out Our Latest Report on RTX

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 17,527 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction that occurred 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 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. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 89,255 shares of company stock valued at $18,151,956. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RTX

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after acquiring an additional 159 shares in the last quarter. United Bank increased its position in shares of RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after acquiring an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after acquiring an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of RTX in the second quarter worth $5,157,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 1.3%

RTX stock opened at $175.68 on Friday. The company’s 50 day simple moving average is $197.88 and its 200-day simple moving average is $188.14. The firm has a market capitalization of $236.59 billion, a PE ratio of 32.96, a P/E/G ratio of 2.48 and a beta of 0.43. RTX has a 12 month low of $123.60 and a 12 month high of $214.50. 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 (NYSE:RTXGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. The business had revenue of $22.08 billion for 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts expect that RTX will post 6.85 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

RTX News Roundup

Here are the key news stories impacting RTX this week:

About RTX

(Get 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.

Further Reading

Analyst Recommendations for RTX (NYSE:RTX)

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