RTX (NYSE:RTX) Shares Up 3.6% on Analyst Upgrade

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

A number of other research analysts have also commented on RTX. The Goldman Sachs Group raised their price target on RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Royal Bank Of Canada decreased their target price on shares of RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Morgan Stanley reissued 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. TD Cowen dropped their price target on shares of RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Finally, Susquehanna upped their price target on shares of RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $231.24.

Insider Transactions at RTX

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

Key Headlines Impacting RTX

Here are a few of the latest headlines about RTX:

• Positive Sentiment: Zacks upgraded RTX from “hold” to “strong buy.” Related coverage points to rising earnings estimates and advances in defense technology and aerospace services as supports for its growth outlook. Read More.
• Positive Sentiment: Coverage highlights potential margin expansion and cash-flow growth in 2027, which could reinforce expectations for improving profitability. 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.

Hedge Funds Weigh In On RTX

A number of hedge funds have recently modified their holdings of the stock. Evergreen Advisors LLC purchased a new stake in RTX during the first quarter valued at about $31,000. BOK Financial Private Wealth Inc. purchased a new position in RTX during the 2nd quarter worth approximately $36,000. Next Level Wealth Planning LLC purchased a new position in RTX during the 3rd quarter worth approximately $41,000. Midwest Capital Advisors LLC acquired a new stake in RTX during the 3rd quarter valued at $42,000. Finally, Groupe la Francaise lifted its holdings in shares of RTX by 50.9% in the second quarter. Groupe la Francaise now owns 261 shares of the company’s stock valued at $45,000 after purchasing an additional 88 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

The company has a market cap of $271.74 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 2.17 and a beta of 0.30. The stock has a fifty day moving average price of $193.00 and a 200-day moving average price of $195.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 EPS. On average, equities analysts expect that RTX Corporation will post 7.73 earnings per share for the current year.

RTX Announces Dividend

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

RTX Company Profile

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.