RTX (NYSE:RTX) Sets New 1-Year High – Still a Buy?

RTX Corporation (NYSE:RTX)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $221.47 and last traded at $221.6140, with a volume of 1879207 shares traded. The stock had previously closed at $217.93.

Analysts Set New Price Targets

Several brokerages have issued reports on RTX. Robert W. Baird set a $240.00 target price on RTX in a research report on Friday, July 24th. Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Wells Fargo & Company raised their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. TD Cowen lifted their price target on shares of RTX from $225.00 to $240.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Jefferies Financial Group set a $250.00 price target on shares of RTX in a research report on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.59.

RTX Stock Up 1.9%

The firm has a market cap of $299.26 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 2.58 and a beta of 0.29. The company’s 50-day simple moving average is $192.72 and its 200 day simple moving average is $193.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the company earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts anticipate that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is currently 51.41%.

Insider Activity

In related news, VP Kevin G. Dasilva sold 4,760 shares of RTX stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the transaction, the vice president directly owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This trade represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the sale, the insider directly owned 8,809 shares in the company, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 15,567 shares of company stock worth $3,304,375. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in RTX in the 4th quarter worth $3,167,626,000. Auto Owners Insurance Co increased its holdings in shares of RTX by 24,730.9% in the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after purchasing an additional 10,062,269 shares during the period. Amundi increased its holdings in shares of RTX by 69.7% in the first quarter. Amundi now owns 7,472,243 shares of the company’s stock valued at $1,441,396,000 after purchasing an additional 3,070,123 shares during the period. Vanguard Group Inc. raised its stake in shares of RTX by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after purchasing an additional 2,210,950 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of 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 purchasing an additional 1,618,933 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

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.