RTX (NYSE:RTX) Trading Up 2.4% – Here’s Why

RTX Corporation (NYSE:RTX)’s stock price traded up 2.4% during trading on Friday . The stock traded as high as $202.62 and last traded at $202.40. 8,944,254 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 6,486,356 shares. The stock had previously closed at $197.63.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RTX shares. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of RTX in a report on Thursday, January 15th. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $204.00 target price on shares of RTX in a report on Thursday, January 29th. TD Cowen reissued a “buy” rating on shares of RTX in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada raised their price target on shares of RTX from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average target price of $199.50.

RTX Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $194.87 and a two-hundred day moving average price of $176.39. The firm has a market cap of $271.68 billion, a PE ratio of 40.81, a P/E/G ratio of 2.83 and a beta of 0.43.

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

RTX Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 20th. RTX’s dividend payout ratio (DPR) is presently 54.84%.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the completion of the transaction, the executive vice president owned 16,749 shares of the company’s stock, valued at $3,397,199.67. This trade represents a 43.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 15,124 shares of the business’s 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 completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,698,105.60. This trade represents a 53.43% 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 valued at $18,151,956 over the last three months. Company insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in RTX during the 4th quarter valued at about $3,167,626,000. Laurel Wealth Advisors LLC boosted its stake in shares of RTX by 14,974.7% in the second quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock valued at $525,518,000 after purchasing an additional 3,575,069 shares during the period. Vanguard Group Inc. grew its holdings in shares of RTX by 1.9% in the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock valued at $17,825,353,000 after purchasing an additional 2,238,247 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in 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 buying an additional 1,618,933 shares during the period. Finally, Amundi increased its stake in RTX by 49.1% during the 4th 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 currently 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.