RTX (NYSE:RTX) Trading Up 1.4% – Here’s What Happened

RTX Corporation (NYSE:RTXGet Free Report)’s share price was up 1.4% during mid-day trading on Friday . The stock traded as high as $200.85 and last traded at $198.78. Approximately 4,341,825 shares changed hands during trading, a decline of 32% from the average daily volume of 6,347,007 shares. The stock had previously closed at $195.97.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

Wall Street Analyst Weigh In

A number of research firms have issued reports on RTX. Jefferies Financial Group reaffirmed a “hold” rating and set a $225.00 price objective on shares of RTX in a report on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating and set a $235.00 price target on shares of RTX in a report on Wednesday, January 28th. Bank of America lifted their target price on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. UBS Group restated a “neutral” rating on shares of RTX in a research note on Wednesday, January 28th. Finally, Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.50.

Check Out Our Latest Stock Report on RTX

RTX Trading Up 1.4%

The firm has a 50 day moving average of $187.15 and a 200 day moving average of $171.78. The firm has a market cap of $266.52 billion, a PE ratio of 40.08, a P/E/G ratio of 2.85 and a beta of 0.43. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51.

RTX (NYSE:RTXGet Free Report) last issued its earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. The firm had revenue of $24.24 billion for the quarter, compared to analyst estimates of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.The business’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

Institutional Trading of RTX

Hedge funds and other institutional investors have recently modified their holdings of the business. Delta Financial Advisors LLC raised its holdings in RTX by 7.9% during the 4th quarter. Delta Financial Advisors LLC now owns 31,506 shares of the company’s stock valued at $5,778,000 after acquiring an additional 2,311 shares during the period. Legato Capital Management LLC grew its position in shares of RTX by 125.2% in the fourth quarter. Legato Capital Management LLC now owns 19,788 shares of the company’s stock valued at $3,629,000 after purchasing an additional 11,000 shares in the last quarter. New World Advisors LLC raised its stake in shares of RTX by 33.2% during the 4th quarter. New World Advisors LLC now owns 1,670 shares of the company’s stock valued at $306,000 after purchasing an additional 416 shares during the period. Evoke Wealth LLC lifted its holdings in RTX by 36.0% during the 4th quarter. Evoke Wealth LLC now owns 20,154 shares of the company’s stock worth $3,696,000 after purchasing an additional 5,337 shares in the last quarter. Finally, Empirical Asset Management LLC lifted its holdings in RTX by 2.1% during the 4th quarter. Empirical Asset Management LLC now owns 5,048 shares of the company’s stock worth $926,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

About RTX

(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.

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