RTX (NYSE:RTX) Trading 2% Higher – Should You Buy?

RTX Corporation (NYSE:RTXGet Free Report)’s share price was up 2% during trading on Thursday . The company traded as high as $176.65 and last traded at $176.24. Approximately 6,193,447 shares were traded during trading, an increase of 4% from the average daily volume of 5,963,608 shares. The stock had previously closed at $172.79.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. Susquehanna reaffirmed a “positive” rating and issued a $230.00 target price on shares of RTX in a report on Thursday, January 15th. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada raised their target price on RTX from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised their target price on RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average price target of $206.59.

View Our Latest Stock Analysis on RTX

RTX Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The company has a market cap of $237.34 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 2.46 and a beta of 0.43. The company has a fifty day moving average of $196.65 and a two-hundred day moving average of $187.94.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter last year, the business posted $1.47 EPS. RTX’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts anticipate that RTX Corporation will post 6.89 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, February 20th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is 51.03%.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 15,124 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,698,105.60. This trade represents a 53.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kevin G. Dasilva sold 8,136 shares of RTX stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $201.30, for a total value of $1,637,776.80. Following the transaction, the vice president directly owned 27,102 shares in the company, valued at $5,455,632.60. The trade was a 23.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 89,255 shares of company stock worth $18,151,956 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Navalign LLC acquired a new position in RTX during the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of RTX in the 4th quarter worth about $26,000. BNP Paribas bought a new position in shares of RTX in the 3rd quarter worth about $25,000. Core Wealth Advisors LLC bought a new position in shares of RTX in the 4th quarter worth about $31,000. Finally, 1 North Wealth Services LLC raised its position in shares of RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.