UBS Group Increases RTX (NYSE:RTX) Price Target to $105.00

RTX (NYSE:RTX) had its price target boosted by equities researchers at UBS Group from $103.00 to $105.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 3.19% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada raised their target price on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $78.00 to $100.00 in a research report on Thursday, January 25th. Robert W. Baird increased their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 price target on shares of RTX in a research report on Monday, April 1st. Finally, TheStreet raised RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $96.27.

RTX Stock Performance

Shares of RTX stock opened at $101.76 on Wednesday. The firm has a market capitalization of $135.28 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78. The business has a fifty day moving average of $95.36 and a 200 day moving average of $87.31. RTX has a 1 year low of $68.56 and a 1 year high of $103.89.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. As a group, research analysts expect that RTX will post 5.4 earnings per share for the current year.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now owns 11,676 shares in the company, valued at $1,076,176.92. The disclosure for this sale can be found here. In the last three months, insiders sold 37,785 shares of company stock worth $3,448,188. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of RTX by 26.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock worth $10,077,000 after purchasing an additional 28,910 shares during the last quarter. Rockline Wealth Management LLC acquired a new position in RTX in the fourth quarter valued at approximately $2,438,000. B&D White Capital Company LLC acquired a new position in RTX in the third quarter valued at approximately $14,186,000. PDS Planning Inc acquired a new position in RTX in the fourth quarter valued at approximately $356,000. Finally, Cullen Investment Group LTD. acquired a new position in RTX in the fourth quarter valued at approximately $843,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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.