RTX (NYSE:RTX) Trading Up 2.7% on Analyst Upgrade

RTX Corporation (NYSE:RTX) shares shot up 2.7% during trading on Monday after TD Cowen raised their price target on the stock from $225.00 to $240.00. TD Cowen currently has a buy rating on the stock. RTX traded as high as $220.39 and last traded at $218.63. 8,183,269 shares were traded during trading, an increase of 43% from the average session volume of 5,720,991 shares. The stock had previously closed at $212.79.

A number of other equities research analysts have also issued reports on RTX. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Royal Bank Of Canada upped their price target on shares of RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley reiterated an “overweight” rating and set a $240.00 price objective on shares of RTX in a report on Friday. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Jefferies Financial Group set a $250.00 target price on RTX in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $221.53.

Hedge Funds Weigh In On RTX

Institutional investors have recently bought and sold shares of the stock. Alpha Cubed Investments LLC lifted its position in RTX by 0.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after acquiring an additional 50 shares during the last quarter. LeConte Wealth Management LLC grew its position in shares of RTX by 2.3% in the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after purchasing an additional 51 shares during the last quarter. Rydar Equities Inc. increased its stake in shares of RTX by 0.4% in the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after purchasing an additional 52 shares during the period. Schulhoff & Co. Inc. increased its stake in shares of RTX by 1.7% in the fourth quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after purchasing an additional 52 shares during the period. Finally, Howard Capital Management Inc. lifted its position in shares of RTX by 0.4% during the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after purchasing an additional 53 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 2.7%

The firm has a 50-day moving average of $187.08 and a two-hundred day moving average of $192.22. The firm has a market cap of $294.66 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 2.84 and a beta of 0.30. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (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 analyst estimates of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, sell-side analysts predict that RTX Corporation will post 7.1 earnings per share for the current fiscal year.

RTX Announces Dividend

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

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.