RTX (NYSE:RTX) Sets New 52-Week High – Here’s What Happened

RTX Corporation (NYSE:RTX) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $181.57 and last traded at $180.8950, with a volume of 196183 shares. The stock had previously closed at $178.66.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Susquehanna upped their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. BNP Paribas upgraded RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Robert W. Baird set a $203.00 price target on shares of RTX in a report on Wednesday, October 22nd. Sanford C. Bernstein upped their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Finally, Citigroup assumed coverage on shares of RTX in a research note on Thursday, December 11th. They issued a “buy” rating and a $211.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.71.

RTX Stock Performance

The company has a market capitalization of $241.37 billion, a P/E ratio of 36.97, a price-to-earnings-growth ratio of 2.88 and a beta of 0.44. The company’s 50 day moving average is $172.39 and its 200-day moving average is $159.82. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were paid a $0.68 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s payout ratio is presently 55.85%.

Insiders Place Their Bets

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after purchasing an additional 552,009 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of RTX by 1.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock valued at $192,333,000 after buying an additional 16,034 shares in the last quarter. MGO One Seven LLC boosted its holdings in RTX by 10.2% in the 2nd quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock worth $4,033,000 after buying an additional 2,554 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in RTX by 28,295.2% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock worth $1,741,000 after buying an additional 11,884 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc purchased a new stake in shares of RTX during the second quarter worth about $431,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.