RTX (NYSE:RTX) Stock Price Up 2% – Should You Buy?

RTX Corporation (NYSE:RTX) rose 2% during trading on Wednesday . The company traded as high as $222.82 and last traded at $222.3670. 4,266,060 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 5,722,797 shares. The stock had previously closed at $217.93.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense subsidiary, installed the first SPY-6(V)4 radar array at the U.S. Navy’s Wallops Island test site. The milestone begins testing for a program intended to modernize aging Flight IIA destroyers. Successful testing and subsequent fleet adoption could support RTX’s defense backlog and long-term revenue visibility. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
• Positive Sentiment: Market coverage continues to characterize RTX as a strong momentum stock following its recent share-price performance. That sentiment may attract momentum-focused investors, though the stock’s elevated valuation means continued execution is important. What Makes RTX a Strong Momentum Stock

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Susquehanna upped their price objective on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. TD Cowen raised their target price on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Sanford C. Bernstein increased their price target on RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $228.59.

RTX Stock Performance

The firm has a market cap of $300.59 billion, a PE ratio of 39.27, a PEG ratio of 2.65 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. The firm’s 50 day moving average price is $194.52 and its two-hundred day moving average price is $193.79.

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

RTX Dividend Announcement

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

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the sale, the insider owned 8,809 shares of the company’s stock, valued at $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin G. Dasilva sold 2,250 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,567 shares of company stock worth $3,304,375 over the last three months. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On RTX

Several institutional investors and hedge funds have recently modified their holdings of the company. Navalign LLC purchased a new stake in RTX during the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX in the fourth quarter valued at approximately $26,000. Evergreen Advisors LLC acquired a new position in shares of RTX in the first quarter valued at approximately $31,000. Core Wealth Advisors LLC purchased a new stake in RTX during the 4th quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC increased its stake in RTX by 456.7% during the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

About RTX

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.