RTX (NYSE:RTX) Stock Price Down 1.4% – Time to Sell?

RTX Co. (NYSE:RTX)’s share price was down 1.4% during mid-day trading on Friday . The stock traded as low as $132.98 and last traded at $132.63. Approximately 1,571,701 shares traded hands during trading, a decline of 71% from the average daily volume of 5,355,879 shares. The stock had previously closed at $134.47.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RTX shares. Wells Fargo & Company raised their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. UBS Group raised RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $142.00 to $147.00 in a report on Monday, February 24th. Bank of America lifted their price objective on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $166.40.

RTX Trading Down 1.4 %

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a 50-day moving average price of $126.80 and a 200-day moving average price of $122.47. The stock has a market cap of $176.94 billion, a P/E ratio of 37.37, a P/E/G ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities research analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.90%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insider Activity

In other news, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On RTX

Hedge funds have recently made changes to their positions in the company. 10Elms LLP bought a new stake in shares of RTX during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management boosted its position in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after purchasing an additional 265 shares in the last quarter. Greenline Partners LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $34,000. Finally, Modus Advisors LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $39,000. 86.50% of the stock is currently owned by institutional investors.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.