RTX (NYSE:RTX) Hits New 52-Week High – Here’s Why

RTX Corporation (NYSE:RTXGet Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $206.73 and last traded at $204.69, with a volume of 1977519 shares trading hands. The stock had previously closed at $204.81.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RTX shares. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. The Goldman Sachs Group upped their price objective on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group reiterated a “hold” rating and set a $225.00 target price on shares of RTX in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Citigroup raised their price target on RTX from $227.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $199.50.

Get Our Latest Research Report on RTX

RTX Stock Up 0.2%

The company has a market capitalization of $275.41 billion, a PE ratio of 41.36, a P/E/G ratio of 2.94 and a beta of 0.43. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The firm has a 50 day simple moving average of $192.26 and a two-hundred day simple moving average of $174.66.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08. The business had revenue of $24.24 billion during the quarter, compared to analysts’ expectations of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, February 20th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, February 20th. RTX’s payout ratio is presently 54.84%.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 17,527 shares of RTX stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $199.16, for a total transaction of $3,490,677.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 8,136 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the completion of the sale, the vice president owned 27,102 shares in the company, valued at $5,455,632.60. This represents a 23.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.15% of the company’s stock.

Institutional Trading of RTX

Hedge funds have recently bought and sold shares of the company. Navalign LLC acquired a new position in RTX in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new stake in RTX in the 4th quarter valued at about $26,000. BNP Paribas acquired a new position in shares of RTX during the 3rd quarter valued at about $25,000. Core Wealth Advisors LLC purchased a new position in shares of RTX during the 4th quarter worth about $31,000. Finally, 1 North Wealth Services LLC boosted its position in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Company Profile

(Get Free Report)

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.

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