RTX (NYSE:RTX) EVP Sells $1,829,620.70 in Stock

RTX Corporation (NYSE:RTX) EVP Dantaya Williams sold 9,071 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 16,930 shares of the company’s stock, valued at $3,414,781. This represents a 34.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

RTX Stock Performance

Shares of RTX stock opened at $191.97 on Friday. RTX Corporation has a 12 month low of $166.74 and a 12 month high of $226.88. The stock has a market cap of $259.05 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.30. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average price is $193.91 and its 200-day moving average price is $195.56.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. The firm had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 EPS. On average, equities analysts expect that RTX Corporation will post 7.68 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s payout ratio is presently 47.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RTX shares. Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 target price (up from $220.00) on shares of RTX in a research note on Friday, July 24th. Citigroup reiterated a “buy” rating on shares of RTX in a report on Wednesday, October 7th. DA Davidson boosted their price target on RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Barclays upped their price target on RTX from $223.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Finally, Royal Bank Of Canada reduced their price objective on RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $231.24.

Hedge Funds Weigh In On RTX

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of RTX in the second quarter worth about $20,970,571,000. State Street Corp grew its stake in shares of RTX by 3.1% during the 2nd quarter. State Street Corp now owns 95,417,318 shares of the company’s stock valued at $18,103,528,000 after acquiring an additional 2,828,056 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of RTX by 5.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock valued at $1,649,501,000 after acquiring an additional 411,356 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of RTX by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company’s stock valued at $1,475,296,000 after acquiring an additional 95,726 shares during the period. Finally, Amundi increased its holdings in RTX by 4.0% in the 2nd quarter. Amundi now owns 7,768,207 shares of the company’s stock worth $1,473,862,000 after acquiring an additional 295,964 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a phase-one DARPA contract to develop optical signal processing technology aimed at helping military operators detect and respond to threats faster. It adds to RTX’s defense technology pipeline, though the initial award is an early-stage contract. Article: RTX’s Raytheon wins DARPA contract
• Positive Sentiment: A commentary pointed to longer-term demand for RTX’s Patriot systems, radars, and interceptors, alongside manufacturing investments to expand capacity. It cited a $340 billion backlog and raised full-year free-cash-flow guidance of $9 billion to $9.2 billion; these support the outlook but depend on execution and are not new orders announced today. Article: America’s Military Rebuild Starts With a Manufacturing Problem
• Negative Sentiment: The election outcome has put a major defense-spending proposal in doubt, raising concern that budget delays or reduced spending could constrain future contract growth for defense contractors, including RTX. Article: Defense Stocks Sank as Democrats Took Congress

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.