RTX (NYSE:RTX) Stock Price Down 3.3% – Should You Sell?

RTX Corporation (NYSE:RTX)’s stock price was down 3.3% during mid-day trading on Thursday. The company traded as low as $190.10 and last traded at $191.9670. Approximately 7,134,756 shares were traded during trading, an increase of 32% from the average session volume of 5,392,386 shares. The stock had previously closed at $198.43.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: A report highlights RTX’s substantial order base and investment in expanding production capacity. It cites a $340 billion backlog, third-quarter sales of about $25 billion, and a higher 2026 free-cash-flow outlook of $9 billion to $9.2 billion. These figures suggest demand could support growth, though execution and contract economics remain important. America’s Military Rebuild Starts With a Manufacturing Problem
• Positive Sentiment: Defense-industry earnings point to continuing demand for conventional weapons as well as drones and advanced defense systems. That broader rearmament trend could benefit RTX, which supplies air-defense systems and related equipment, although the report does not discuss RTX specifically. Tanks or drones? Defense earnings reveal a more complicated rearmament boom
• Negative Sentiment: Political uncertainty is pressuring defense-sector shares: a report says the midterm election results put a proposed $1.5 trillion defense spending request in doubt. If spending plans stall or shrink, investors may reassess future growth for contractors such as RTX. Defense Stocks Sank as Democrats Took Congress and the $1.5 Trillion Budget Looks Doomed
• Negative Sentiment: One report attributed RTX share weakness to insider selling, which can concern investors about near-term sentiment. The provided article details do not specify the seller or the size of the insider transaction. RTX Shares Down 2.7% After Insider Selling
• Negative Sentiment: ETFs sold about $39 million of RTX shares on Nov. 4. This may add near-term selling pressure, though ETF flows alone do not indicate a change in the company’s fundamentals. RTX Sees $39.0 Million in Net ETF Selling

Analyst Upgrades and Downgrades

A number of brokerages have commented on RTX. DA Davidson increased their price target on shares of RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Rothschild & Co Redburn upped their price objective on shares of RTX from $180.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Jefferies Financial Group set a $250.00 price target on shares of RTX and gave the company a “buy” rating in a report on Sunday, July 26th. Argus set a $245.00 price objective on shares of RTX and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded RTX from a “buy” rating to a “hold” rating and set a $208.00 target price on the stock. in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $231.24.

RTX Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. The company has a market capitalization of $255.84 billion, a P/E ratio of 30.78, a PEG ratio of 2.26 and a beta of 0.30. The company has a fifty day moving average price of $193.46 and a two-hundred day moving average price of $195.52.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 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 net margin of 8.75% and a return on equity of 14.89%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. Equities analysts forecast that RTX Corporation will post 7.68 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business 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 dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s payout ratio is presently 47.40%.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 9,071 shares of the company’s 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 transaction, the executive vice president owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. This represents a 34.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction that occurred 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 SEC filing for this sale provides additional information. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On RTX

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in RTX during the second quarter valued at $20,970,571,000. State Street Corp raised its holdings in RTX by 3.1% in the second quarter. State Street Corp now owns 95,417,318 shares of the company’s stock worth $18,103,528,000 after buying an additional 2,828,056 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in RTX by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock worth $1,649,501,000 after buying an additional 411,356 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of RTX by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company’s stock valued at $1,475,296,000 after acquiring an additional 95,726 shares in the last quarter. Finally, Amundi lifted its position in RTX by 4.0% in the 2nd quarter. Amundi now owns 7,768,207 shares of the company’s stock valued at $1,473,862,000 after acquiring an additional 295,964 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.

Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.