RTX (NYSE:RTX) Stock Moved Up to Strong-Buy by Barclays

Barclays upgraded shares of RTX (NYSE:RTX) to a strong-buy rating in a research note released on Friday,Zacks reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. increased their price objective on shares of RTX from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. TD Cowen decreased their price target on RTX from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday. Rothschild & Co Redburn raised their target price on RTX from $180.00 to $215.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group set a $250.00 price target on shares of RTX and gave the stock a “buy” rating in a report on Sunday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.58.

RTX Stock Performance

Shares of RTX stock opened at $185.99 on Friday. The stock has a market cap of $250.66 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 2.37 and a beta of 0.31. The company’s fifty day moving average is $203.02 and its 200 day moving average is $193.85. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. RTX has a twelve month low of $155.64 and a twelve month high of $226.88.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. The business had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Sell-side analysts forecast that RTX will post 7.22 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction dated 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 sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares of the company’s stock, valued at $1,852,444.61. The trade was a 49.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,222 shares of company stock worth $6,362,003 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On RTX

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of RTX during the second quarter valued at approximately $20,970,571,000. State Street Corp grew its position in RTX by 3.1% in the 2nd quarter. State Street Corp now owns 95,417,318 shares of the company’s stock worth $18,103,528,000 after purchasing an additional 2,828,056 shares during the period. Auto Owners Insurance Co raised its stake in 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 buying an additional 10,062,269 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of RTX by 0.5% during the 4th quarter. Invesco Ltd. now owns 9,134,677 shares of the company’s stock valued at $1,675,300,000 after buying an additional 48,070 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of RTX by 5.0% in 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 worth $1,649,501,000 after buying an additional 411,356 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense unit, won a U.S. Navy contract valued at up to $6.3 billion to produce and sustain Standard Missile-3 Block IB interceptors. The five-year agreement, with two option years, provides greater production visibility and supports the Pentagon’s effort to replenish missile-defense inventories. RTX’s Raytheon wins up to $6.3 billion US missile contract
• Positive Sentiment: Raytheon also secured a U.S. Navy Standard Missile-6 contract worth up to $24.4 billion over five years, covering offensive-strike and missile-defense missions. RTX plans to expand SM-6 manufacturing capacity, reinforcing its backlog and exposure to rising global demand for air and missile defense. RTX Secures $24.4 Billion Standard Missile 6 Contract
• Positive Sentiment: Analysts see further support from the aerospace aftermarket. RBC raised its 2027 commercial aerospace maintenance, repair and overhaul growth forecast to 11.6%, with engine maintenance among the strongest areas—an important trend for RTX’s Collins Aerospace and Pratt & Whitney businesses. Aerospace aftermarket outlook strengthens
• Neutral Sentiment: TD Cowen maintained a Buy rating but lowered its RTX price target from $240 to $225, suggesting continued confidence in the company while reflecting more cautious valuation or execution assumptions.
• Negative Sentiment: Jim Cramer said investor concerns that U.S. defense spending may have peaked are weighing on RTX, despite his disagreement with that view. The debate could limit the stock’s near-term reaction to contract wins.

About RTX

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and supplies technologies for commercial aviation, business aviation, military operations and space applications. The company serves customers including aircraft manufacturers, airlines, governments and armed forces worldwide.

RTX operates through three principal business segments: Collins Aerospace, which provides aerospace systems, avionics, interiors, landing systems and other aircraft equipment; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance and services; and Raytheon, which develops integrated air and missile defense systems, precision weapons, radars, sensors, command-and-control technologies and other defense solutions.

The company was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation, although its businesses trace their histories to earlier aerospace and technology companies, including Pratt & Whitney and Collins Aerospace predecessor organizations.