RTX Corporation (NYSE:RTX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of RTX Corporation (NYSE:RTXGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $184.1765.

Several equities analysts have commented on RTX shares. Bank of America increased their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. BNP Paribas Exane began coverage on RTX in a report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price target on the stock. Citigroup initiated coverage on shares of RTX in a report on Thursday, December 11th. They issued a “buy” rating and a $211.00 price objective for the company. Sanford C. Bernstein boosted their target price on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Finally, UBS Group upped their price target on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd.

Read Our Latest Stock Report on RTX

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

Institutional Trading of RTX

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas acquired a new position in shares of RTX in the 3rd quarter worth approximately $25,000. PFS Partners LLC raised its stake in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in RTX in the second quarter valued at $29,000. Valley Wealth Managers Inc. bought a new stake in RTX during the third quarter valued at $30,000. Finally, Access Investment Management LLC acquired a new stake in RTX during the 2nd quarter worth about $31,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $186.09 on Friday. The company’s 50 day moving average price is $175.02 and its two-hundred day moving average price is $161.52. The firm has a market capitalization of $249.50 billion, a P/E ratio of 38.21, a P/E/G ratio of 2.94 and a beta of 0.44. RTX has a fifty-two week low of $112.27 and a fifty-two week high of $188.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts forecast that RTX will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, November 21st. RTX’s dividend payout ratio (DPR) is currently 55.85%.

Key RTX News

Here are the key news stories impacting RTX this week:

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.

Further Reading

Analyst Recommendations for RTX (NYSE:RTX)

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