RTX Corporation (NYSE:RTX) Receives $184.18 Consensus Price Target from Analysts

RTX Corporation (NYSE:RTX) has been assigned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $184.1765.

Several analysts recently commented on RTX shares. The Goldman Sachs Group boosted their price target on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein boosted their target price on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. BNP Paribas Exane began coverage on shares of RTX in a research report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 target price for the company. BNP Paribas raised shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research note on Monday.

RTX Price Performance

Shares of RTX stock opened at $185.15 on Friday. The firm has a market cap of $248.25 billion, a P/E ratio of 38.02, a price-to-earnings-growth ratio of 2.95 and a beta of 0.44. The firm’s 50-day simple moving average is $176.15 and its 200-day simple moving average is $162.00. RTX has a twelve month low of $112.27 and a twelve month high of $188.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts expect that RTX will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a dividend of $0.68 per share. The ex-dividend date was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s dividend payout ratio is 55.85%.

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

Institutional Trading of RTX

A number of hedge funds and other institutional investors have recently made changes to their positions in RTX. Zullo Investment Group Inc. increased its stake in shares of RTX by 1.2% in the third quarter. Zullo Investment Group Inc. now owns 4,713 shares of the company’s stock valued at $789,000 after buying an additional 56 shares during the period. Parkside Financial Bank & Trust increased its position in RTX by 0.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 16,465 shares of the company’s stock valued at $2,755,000 after acquiring an additional 57 shares during the period. Uptick Partners LLC raised its stake in shares of RTX by 1.7% during the third quarter. Uptick Partners LLC now owns 3,327 shares of the company’s stock valued at $557,000 after acquiring an additional 57 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of RTX by 0.4% during the third quarter. Colonial Trust Co SC now owns 15,062 shares of the company’s stock worth $2,520,000 after purchasing an additional 57 shares during the period. Finally, Certified Advisory Corp grew its stake in shares of RTX by 1.6% in the third quarter. Certified Advisory Corp now owns 3,630 shares of the company’s stock worth $607,000 after purchasing an additional 57 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

About RTX

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.