RTX (NYSE:RTX) EVP Sells $3,095,126.60 in Stock

RTX Corporation (NYSE:RTXGet Free Report) EVP Ramsaran Maharajh sold 15,124 shares of RTX stock in a transaction that occurred on Thursday, February 19th. The shares were 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 approximately $2,698,105.60. The trade was a 53.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

RTX Stock Down 1.2%

NYSE:RTX opened at $196.13 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. The company’s fifty day moving average price is $194.48 and its 200-day moving average price is $176.24. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $206.73. The firm has a market capitalization of $263.26 billion, a P/E ratio of 39.54, a PEG ratio of 2.87 and a beta of 0.43.

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

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 20th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, February 20th. RTX’s dividend payout ratio (DPR) is currently 54.84%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of RTX in the fourth quarter valued at about $3,167,626,000. Laurel Wealth Advisors LLC raised its holdings in RTX by 14,974.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock valued at $525,518,000 after acquiring an additional 3,575,069 shares during the last quarter. Vanguard Group Inc. lifted its stake in RTX by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after purchasing an additional 2,238,247 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of RTX by 1,545.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock worth $316,128,000 after purchasing an additional 1,618,933 shares during the last quarter. Finally, Amundi grew its position in shares of RTX by 49.1% in the fourth quarter. Amundi now owns 4,402,120 shares of the company’s stock valued at $807,349,000 after purchasing an additional 1,450,596 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of RTX from $227.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 5th. DZ Bank cut shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Morgan Stanley reissued an “overweight” rating and set a $235.00 target price on shares of RTX in a research note 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 research report on Wednesday, January 28th. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.50.

Get Our Latest Stock Analysis on RTX

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.

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Insider Buying and Selling by Quarter for RTX (NYSE:RTX)

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