RTX Corporation (NYSE:RTX – Get Free Report) shares were up 2.3% on Wednesday . The company traded as high as $178.09 and last traded at $176.9310. Approximately 6,068,388 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 5,944,437 shares. The stock had previously closed at $172.87.
Key Stories Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: AirAsia X ordered 150 Airbus A220s powered by Pratt & Whitney GTF engines and signed a 12?year EngineWise comprehensive maintenance deal — a sizeable multi-year services revenue stream for Pratt & Whitney. AirAsia orders 150 Airbus A220 aircraft powered by RTX’s Pratt & Whitney GTF engines
- Positive Sentiment: Raytheon (an RTX business) won a firm order for 120 SharpSight radars from Blue Raven — the largest single order to date — which supports aftermarket, production ramp and global sales traction for a new Raytheon product line. RTX’s Raytheon receives major order for SharpSight radars from Blue Raven
- Positive Sentiment: RTX reported a record ~$271B backlog and highlighted active missile?defense production and supply?chain engagements (Ursa Major tie?ups) as the U.S. replenishes munitions — reinforcing long?term defense revenue visibility. RTX Backlog And Missile Defense Role Raise Longer Term Investor Questions
- Positive Sentiment: Shareholder returns and bullish sentiment: the board boosted the quarterly dividend (noted by analysts/coverage) and hedge funds/TV personalities have flagged RTX as a top large?cap defense pick, supporting investor confidence. RTX Corporation (RTX): One of the Best Large Cap Defense Stocks to Buy According to Hedge Funds
- Positive Sentiment: Public endorsement: notable media/TV commentators called RTX a buy amid selloff, which can fuel short?term inflows. Jim Cramer calls RTX a ‘monster’ buy despite selloff
- Neutral Sentiment: Several consumer/GPU headlines reference “RTX” GPUs (Corsair PC deals, Asus laptops, Nvidia/AMD debate, supply shifts). These refer to NVIDIA’s RTX product branding, not RTX Corporation’s defense/aero business — limited direct impact on RTX Corp fundamentals. Corsair’s compact gaming PC with RTX 5070 hits its lowest Amazon price
- Neutral Sentiment: Additional consumer/GPU coverage (Nvidia 50?series reaction, ASUS supply shifts, laptop GPU launches) may create headline noise but is unlikely to materially affect RTX Corp’s defense, aerospace and Pratt & Whitney revenue streams. Asus launches 18-inch Tianxuan 7 Pro Max gaming laptop with Ryzen 9 9955HX & up to RTX 5070 Ti
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reduced their target price on shares of RTX from $225.00 to $210.00 and set a “hold” rating for the company in a report on Monday, April 13th. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. JPMorgan Chase & Co. upped their target price on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Morgan Stanley reduced their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $206.59.
RTX Stock Up 2.3%
The business’s fifty day moving average price is $196.01 and its 200 day moving average price is $188.46. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $238.27 billion, a PE ratio of 26.23, a PEG ratio of 2.45 and a beta of 0.31.
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities research analysts forecast that RTX Corporation will post 6.91 earnings per share for the current fiscal year.
RTX Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s dividend payout ratio is currently 51.03%.
Insider Activity
In related news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the completion of the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $12,242,331.36. This represents a 37.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 8,136 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the transaction, the vice president directly owned 27,102 shares of the company’s stock, valued at $5,455,632.60. This represents a 23.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,255 shares of company stock valued at $18,151,956 over the last ninety days. 0.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in RTX during the fourth quarter worth about $3,167,626,000. Auto Owners Insurance Co grew its position in RTX by 24,730.9% during the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock worth $1,852,882,000 after buying an additional 10,062,269 shares during the period. Vanguard Group Inc. grew its position in RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after buying an additional 2,210,950 shares during the period. Artisan Partners Limited Partnership grew its position in RTX by 1,545.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock worth $316,128,000 after buying an additional 1,618,933 shares during the period. Finally, Amundi grew its position in RTX by 49.1% during the fourth quarter. Amundi now owns 4,402,120 shares of the company’s stock worth $807,349,000 after buying an additional 1,450,596 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.
RTX Company Profile
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.
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