RTX (NYSE:RTX) Stock Jumps 3.4% – Should You Buy?

Shares of RTX Corporation (NYSE:RTX) traded up 3.4% during mid-day trading on Monday. The stock traded as high as $197.91 and last traded at $197.4490. 5,573,101 shares were traded during trading, an increase of 4% from the average daily volume of 5,366,640 shares. The stock had previously closed at $191.01.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is highlighted as a preferred way to participate in a projected defense-spending boom. The article points to a 4.57x defense book-to-bill ratio, 36% year-over-year backlog growth, diversified business exposure and strong aftermarket demand—factors that improve revenue visibility and support future margin expansion. My Favorite Way To Cash In On A $740 Billion Defense Boom
• Positive Sentiment: A Zacks feature says RTX posted quarterly records and has a backlog of approximately $340 billion, reinforcing the investment case based on commercial aerospace recovery, defense demand and multi-year contracts. Zacks Investment Ideas Feature Highlights
• Positive Sentiment: RTX is included among growth stocks that have pulled back despite solid fundamentals, potentially attracting value-oriented investors seeking an entry point in aerospace and defense. 5 Beaten-Down Growth Stocks Trading Like Value Plays
• Neutral Sentiment: Analyst comparisons with General Dynamics and ATI examine relative growth forecasts, contract wins, valuation and year-to-date performance. They may influence investor preference within the defense sector but do not report a new RTX contract or guidance change. RTX vs. GD: Which Defense Stock Has Greater Upside Potential?

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent research reports. Argus set a $245.00 price target on RTX and gave the stock a “buy” rating in a research note on Thursday, July 30th. UBS Group lifted their price objective on RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Robert W. Baird set a $240.00 target price on RTX in a report on Friday, July 24th. The Goldman Sachs Group increased their target price on RTX from $195.00 to $206.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.12.

RTX Trading Up 3.4%

The stock’s fifty day moving average price is $196.68 and its 200 day moving average price is $193.59. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The stock has a market cap of $266.45 billion, a PE ratio of 32.05, a PEG ratio of 2.24 and a beta of 0.31.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.11 billion. During the same period in the prior year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts forecast that RTX Corporation will post 7.57 EPS for the current year.

Insiders Place Their Bets

In related news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the sale, the vice president directly owned 20,099 shares of the company’s stock, valued at $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On RTX

Large investors have recently added to or reduced their stakes in the stock. Fortress Financial Group LLC purchased a new stake in RTX during the second quarter valued at $358,000. Evergreen Advisors LLC purchased a new position in shares of RTX in the first quarter worth approximately $31,000. Signature Resources Capital Management LLC grew its position in RTX by 111.5% during the first quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock valued at $36,000 after buying an additional 97 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in RTX during the second quarter valued at approximately $36,000. Finally, Networth Advisors LLC bought a new stake in RTX during the first quarter valued at approximately $40,000. Institutional investors own 86.50% of the company’s stock.

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.