RTX (NYSE:RTX) Shares Climb 1.5% – Should You Buy?

RTX Corporation (NYSE:RTX) rose 1.5% on Thursday. The company traded as high as $196.15 and last traded at $194.49. 5,559,179 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 5,366,133 shares. The stock had previously closed at $191.60.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, secured a $350 million U.S. Air Force contract modification, reinforcing defense backlog visibility and supporting future revenue. RTX’s Raytheon Secures $350 Million US Air Force Contract Modification
• Positive Sentiment: Erste Group Bank raised its RTX EPS forecasts to $7.30 for fiscal 2026 and $7.90 for fiscal 2027, citing improving expectations. The 2027 estimate is above the current consensus of $7.72. Erste Group Bank RTX earnings estimates
• Positive Sentiment: Analyst commentary continues to point to record third-quarter results, strong backlogs, aircraft production growth and resilient demand for replacement parts, repairs, engines and avionics. RTX’s latest reported quarter also exceeded earnings and revenue expectations. Are RTX Corporation and Northrop Grumman Ready to Break Out?
• Positive Sentiment: Collins Aerospace plans a 2027 radio-altimeter upgrade for business aircraft to meet new FAA standards and improve resilience to 5G interference. The program could generate recurring upgrade and service demand without requiring full avionics replacements. What Does RTX Altimeter Upgrade Push Mean For Business Aviation?
• Neutral Sentiment: Several articles concern NVIDIA GeForce RTX graphics cards, stolen GPUs and gaming products. Those stories are unrelated to RTX Corporation and should not be treated as catalysts for RTX stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Argus set a $245.00 price objective on RTX and gave the company a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group set a $250.00 target price on RTX and gave the stock a “buy” rating in a research report on Sunday, July 26th. UBS Group upped their target price on RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday. DA Davidson raised their price target on RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $227.12.

RTX Price Performance

The stock has a 50 day moving average of $196.68 and a two-hundred day moving average of $193.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.05. The firm has a market capitalization of $257.88 billion, a P/E ratio of 31.02, a P/E/G ratio of 2.37 and a beta of 0.31.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Sell-side analysts predict that RTX Corporation will post 7.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the transaction, the vice president owned 20,099 shares of the company’s stock, valued at $4,360,076.07. The trade was a 10.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of RTX during the 2nd quarter worth about $20,970,571,000. State Street Corp lifted its holdings in 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 purchasing an additional 2,828,056 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 purchasing an additional 411,356 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in RTX by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company’s stock valued at $1,475,296,000 after buying an additional 95,726 shares in the last quarter. Finally, Amundi increased its holdings in shares of RTX by 4.0% during the second quarter. Amundi now owns 7,768,207 shares of the company’s stock worth $1,473,862,000 after buying an additional 295,964 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

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.