RTX Corporation (NYSE:RTX) Stock Has Average Target Price of $231.24

RTX Corporation (NYSE:RTX) has been given a consensus rating of “Moderate Buy” by the twenty-seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $231.24.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of RTX from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Wells Fargo & Company upped their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Sanford C. Bernstein lowered their target price on shares of RTX from $223.00 to $214.00 and set a “market perform” rating on the stock in a research note on Thursday, October 15th. TD Cowen reduced their price target on shares of RTX from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Finally, UBS Group upped their price target on shares of RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st.

RTX Trading Down 1.4%

Shares of RTX stock opened at $198.39 on Tuesday. The company’s fifty day simple moving average is $192.88 and its two-hundred day simple moving average is $195.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. RTX has a 1 year low of $166.74 and a 1 year high of $226.88. The stock has a market capitalization of $267.71 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.23 and a beta of 0.30.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company earned $1.70 earnings per share. As a group, analysts anticipate that RTX will post 7.73 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio is currently 47.40%.

Insider Activity

In other news, EVP Dantaya Williams sold 9,071 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the completion of the transaction, the executive vice president owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. The trade was a 34.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Institutional Trading of RTX

Hedge funds have recently made changes to their positions in the stock. N.F.U. MUTUAL UNIT MANAGERS Ltd bought a new stake in RTX in the 3rd quarter worth approximately $2,802,000. Portland Global Advisors LLC purchased a new position in shares of RTX during the third quarter worth approximately $248,000. Meeder Advisory Services Inc. raised its stake in shares of RTX by 17.5% during the third quarter. Meeder Advisory Services Inc. now owns 38,645 shares of the company’s stock worth $7,174,000 after acquiring an additional 5,745 shares in the last quarter. DiPaolo Financial Group Inc. bought a new stake in shares of RTX in the 3rd quarter worth approximately $85,000. Finally, Jackson Thornton Wealth Management LLC lifted its holdings in shares of RTX by 20.9% in the 3rd quarter. Jackson Thornton Wealth Management LLC now owns 1,892 shares of the company’s stock worth $351,000 after acquiring an additional 327 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Key Headlines Impacting RTX

Here are a few of the latest headlines about RTX:

• Positive Sentiment: RTX drew fresh attention for a DeepStrike test and a DARPA win, highlighting its defense-technology work. The articles supplied do not provide details on the award’s size or expected financial contribution. RTX DeepStrike Test And DARPA Win Put Fresh Focus On Defense Tech
• Positive Sentiment: Sector commentary included RTX among aerospace and defense companies that could benefit from rising defense spending, strong order backlogs and improved earnings prospects. Separate coverage also noted that RTX can earn from its installed engine base and related services, beyond new aircraft sales. Buy 4 Aerospace Defense Behemoths to Enhance Your Portfolio Returns How These 5 Aerospace Stocks Earn Money Beyond New Plane Sales
• Negative Sentiment: One Zacks assessment cautioned that RTX’s premium valuation could limit upside, despite its stronger performance and favorable earnings trends. RTX Outperforms Industry in the Past Year: Should You Buy?

RTX Company Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.