RTX (NYSE:RTX) Trading 2.3% Higher – Here’s Why

RTX Corporation (NYSE:RTX)’s stock price traded up 2.3% during mid-day trading on Wednesday . The stock traded as high as $178.09 and last traded at $176.9310. 6,068,388 shares were traded during mid-day trading, an increase of 2% from the average session volume of 5,944,437 shares. The stock had previously closed at $172.87.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX won an $833 million U.S. Navy contract to build SeaSparrow missiles over five years, reinforcing demand for its defense portfolio and adding to its multiyear backlog. Article: Forget the Iran War. Threats from Russia and China Just Won RTX an $833 Million Missile Contract.
• Positive Sentiment: Raytheon, an RTX business, received its largest SharpSight radar order to date, and the company is also expanding defense production capacity, which could support future revenue growth and improve delivery times. Article: Will Record SharpSight Radar Order and Capacity Ramp Change RTX’s Defense Narrative?
• Positive Sentiment: Pratt & Whitney completed a fully digital assembly readiness review for the XA103 engine in the U.S. Air Force’s NGAP program, signaling progress on a high-profile advanced propulsion opportunity. Article: RTX’s Pratt & Whitney completes fully digital assembly readiness review for NGAP engine
• Positive Sentiment: Erste Group slightly raised its FY2026 EPS estimate for RTX to $6.92, suggesting analysts see stable earnings momentum near consensus expectations. Reference: RTX stock page and related analyst update
• Neutral Sentiment: RBC said higher fuel prices pose limited risk to RTX’s aerospace aftermarket business, which may ease investor worries but does not materially change the growth outlook. Article: RTX Sees Limited Risks to Aerospace Aftermarket From Higher Fuel Prices, RBC Says
• Neutral Sentiment: Zacks noted RTX has outperformed its industry over the past three months on defense contracts, sensor deliveries and factory investments, reinforcing a constructive but already recognized setup. Article: RTX Outperforms Industry in the Past 3 Months: How to Play the Stock?

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. TD Cowen reissued a “buy” rating on shares of RTX in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research report on Friday, April 10th. Wells Fargo & Company assumed coverage on RTX in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target for the company. Jefferies Financial Group decreased their price objective on RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. upped their price objective on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.59.

RTX Price Performance

The company has a market cap of $237.30 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 2.51 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The stock has a 50 day moving average of $195.09 and a 200-day moving average of $188.74.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be paid a $0.73 dividend. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.7%. RTX’s dividend payout ratio (DPR) is 51.03%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 12,713 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the transaction, the executive vice president owned 16,749 shares in the company, valued at $3,397,199.67. This trade represents a 43.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shane G. Eddy sold 17,527 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $199.16, for a total value of $3,490,677.32. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,255 shares of company stock worth $18,151,956 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of institutional investors have recently modified their holdings of RTX. BNP Paribas purchased a new position in shares of RTX during the 3rd quarter valued at about $25,000. Navalign LLC purchased a new position in shares of RTX during the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX during the 4th quarter valued at about $26,000. Valley Wealth Managers Inc. purchased a new position in shares of RTX during the 3rd quarter valued at about $30,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of RTX during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

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.