RTX (NYSE:RTX) Shares Climb 3.6% After Analyst Upgrade

Shares of RTX Corporation (NYSE:RTX) were up 3.6% during trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $197.00 and last traded at $196.3480. Approximately 3,902,087 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 5,394,537 shares. The stock had previously closed at $189.53.

RTX has been the topic of several other reports. BNP Paribas Exane raised their target price on shares of RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of RTX from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Argus set a $245.00 price objective on shares of RTX and gave the stock a “buy” rating in a report on Thursday, July 30th. Deutsche Bank cut shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 price objective on the stock. in a research report on Tuesday, October 13th. Finally, Sanford C. Bernstein lowered their target price on RTX from $223.00 to $214.00 and set a “market perform” rating for the company in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $231.24.

Insider Buying and Selling

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 9,071 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the sale, the executive vice president owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. This trade represents a 34.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

RTX News Summary

Here’s some of the latest news about RTX:

• Positive Sentiment: Coverage highlights potential margin expansion and cash-flow growth in 2027, which could reinforce expectations for improving profitability. Read More.
• Positive Sentiment: Raytheon completed a third flight test of a U.S. Army training rocket. Separately, RTX has outlined plans to sharply increase Tomahawk and AMRAAM missile production by 2030, pointing to potential defense demand and expanded production opportunities. Read More. · Read More.
• Negative Sentiment: RTX’s strong multi-year share performance has raised questions about valuation. Its premium pricing could limit further upside if future cash flows or earnings growth do not justify expectations. Read More.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RTX. Fortress Financial Group LLC acquired a new stake in RTX in the second quarter valued at $358,000. Evergreen Advisors LLC bought a new stake in shares of RTX in the 1st quarter valued at about $31,000. BOK Financial Private Wealth Inc. bought a new stake in shares of RTX in the 2nd quarter valued at about $36,000. Next Level Wealth Planning LLC bought a new stake in shares of RTX in the 3rd quarter valued at about $41,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of RTX in the third quarter valued at about $42,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.5%

The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The company has a market cap of $271.74 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.17 and a beta of 0.30. The firm has a 50 day moving average price of $193.00 and a two-hundred day moving average price of $195.54.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. RTX’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts forecast that RTX Corporation will post 7.73 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th 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 1.5%. The ex-dividend date is Friday, November 20th. RTX’s payout ratio is presently 47.40%.

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.