RTX (NYSE:RTX) Shares Up 2.8% – Here’s Why

Shares of RTX Corporation (NYSE:RTX) shot up 2.8% during mid-day trading on Monday . The stock traded as high as $176.09 and last traded at $175.9340. 5,288,916 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 5,966,628 shares. The stock had previously closed at $171.18.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RTX. DZ Bank cut shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Vertical Research restated a “buy” rating and issued a $227.00 target price on shares of RTX in a report on Tuesday, January 27th. Robert W. Baird set a $225.00 target price on shares of RTX in a report on Wednesday, January 28th. Morgan Stanley dropped their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $204.00 price target on shares of RTX in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.75.

RTX Trading Up 0.2%

The stock has a market capitalization of $235.43 billion, a PE ratio of 32.80, a PEG ratio of 2.49 and a beta of 0.31. The stock has a 50-day moving average price of $190.53 and a two-hundred day moving average price of $188.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter last year, the business earned $1.47 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts forecast that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is 54.78%.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of RTX stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $12,242,331.36. This trade represents a 37.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the transaction, the executive vice president owned 16,749 shares of the company’s stock, valued at $3,397,199.67. The trade was a 43.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 63,592 shares of company stock worth $13,023,502 in the last three months. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of hedge funds and other institutional investors have recently modified their holdings of RTX. BNP Paribas bought a new position in shares of RTX during the 3rd quarter valued at about $25,000. Navalign LLC purchased a new position in shares of RTX during the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX during the fourth quarter valued at about $26,000. Valley Wealth Managers Inc. purchased a new position in shares of RTX during the third quarter valued at about $30,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of RTX during the fourth quarter valued at about $31,000. Institutional investors own 86.50% of the company’s stock.

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.