RTX (NYSE:RTX) Trading 1.8% Higher – Time to Buy?

RTX Corporation (NYSE:RTX)’s stock price shot up 1.8% on Tuesday . The company traded as high as $226.09 and last traded at $225.7260. 5,373,745 shares changed hands during trading, a decline of 5% from the average daily volume of 5,630,459 shares. The stock had previously closed at $221.64.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Susquehanna upped their price objective on shares of RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. Argus set a $245.00 price objective on shares of RTX in a research note on Thursday, July 30th. Royal Bank Of Canada raised their target price on shares of RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Sanford C. Bernstein boosted their target price on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $228.59.

RTX Price Performance

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 company has a market cap of $294.22 billion, a price-to-earnings ratio of 38.41, a PEG ratio of 2.68 and a beta of 0.29. The business has a fifty day moving average price of $202.63 and a 200 day moving average price of $195.34.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The business had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same period last year, the firm posted $1.56 earnings per share. RTX’s revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, research analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

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

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the transaction, the vice president owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This trade represents a 17.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,222 shares of company stock worth $6,362,003 in the last three months. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RTX

A number of hedge funds and other institutional investors have recently bought and sold shares of RTX. Fortress Financial Group LLC acquired a new stake in shares of RTX during the second quarter valued at about $358,000. Navalign LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC bought a new position in RTX in the 4th quarter valued at approximately $26,000. Evergreen Advisors LLC acquired a new stake in RTX during the 1st quarter worth approximately $31,000. Finally, Core Wealth Advisors LLC acquired a new stake in RTX during the 4th quarter worth approximately $31,000. 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.