RTX Corporation (NYSE:RTX – Get Free Report) EVP Dantaya Williams sold 9,071 shares of the stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the sale, the executive vice president owned 16,930 shares in the company, valued at approximately $3,414,781. The trade was a 34.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
RTX Stock Up 0.4%
RTX traded up $0.91 on Tuesday, hitting $203.70. 4,434,456 shares of the company were exchanged, compared to its average volume of 5,386,929. The firm has a 50-day moving average price of $194.66 and a two-hundred day moving average price of $195.59. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88. The company has a market cap of $274.88 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.19 and a beta of 0.31.
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The company had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. RTX’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. On average, equities analysts predict that RTX Corporation will post 7.67 earnings per share for the current year.
RTX Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. RTX’s dividend payout ratio is 47.40%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cullinan Associates Inc. boosted its stake in RTX by 11.8% during the third quarter. Cullinan Associates Inc. now owns 17,391 shares of the company’s stock worth $3,229,000 after acquiring an additional 1,833 shares in the last quarter. Rayburn West Financial Services LLC grew its holdings in RTX by 0.5% in the third quarter. Rayburn West Financial Services LLC now owns 16,549 shares of the company’s stock worth $3,072,000 after purchasing an additional 84 shares during the period. Uhlmann Price Securities LLC increased its stake in RTX by 22.0% in the third quarter. Uhlmann Price Securities LLC now owns 5,644 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,019 shares in the last quarter. Ethic Inc. increased its stake in RTX by 10.4% in the third quarter. Ethic Inc. now owns 79,229 shares of the company’s stock valued at $14,709,000 after purchasing an additional 7,446 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of RTX by 14.2% during the third quarter. Pictet Asset Management Holding SA now owns 650,903 shares of the company’s stock valued at $120,840,000 after purchasing an additional 80,747 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
RTX has been the subject of a number of research reports. Barclays increased their price objective on RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Wells Fargo & Company upped their price target on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. DA Davidson increased their price target on shares of RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. raised their price objective on shares of RTX from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, UBS Group lifted their price objective on shares of RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $231.24.
Trending Headlines about RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon, an RTX business, received a phase-one DARPA contract to develop an all-optical processing system for the PICASSO program. The technology is intended to help operators detect and respond to threats faster, adding to RTX’s exposure to advanced defense programs. The contract’s value and near-term financial contribution were not disclosed. Article: RTX’s Raytheon to develop new optical signal processing capability
- Positive Sentiment: Investor commentary highlights potential demand for RTX’s Patriot systems, interceptors, radar and counter-drone products as militaries replenish weapons and expand air defenses. This is a long-term investment thesis rather than news of new orders; execution, deliveries, margins and cash flow remain important considerations. Article: Why I’m Watching This Missile Defense Giant as America Rearms for Drone Warfare
- Positive Sentiment: A separate analysis argues that improving relations between the U.S. government and defense contractors could reduce risks tied to fixed-price development programs, potentially benefiting RTX and peers. This is a sector outlook, not a reported change to RTX’s financial results. Article: Prediction: Defense Stocks Like Lockheed Martin, RTX, and Boeing Are Set to Soar
- Neutral Sentiment: Wall Street analysts are described as cautiously optimistic despite RTX’s past-year outperformance, indicating support for the outlook but not an unequivocally bullish consensus. Article: Are Wall Street Analysts Bullish on RTX Corporation Stock?
RTX Company Profile
RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.
The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.
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