RTX (NYSE:RTX) Shares Up 1.5% – Time to Buy?

RTX Corporation (NYSE:RTX) was up 1.5% during mid-day trading on Thursday. The stock traded as high as $196.15 and last traded at $194.49. Approximately 5,559,179 shares traded hands during trading, an increase of 4% from the average daily volume of 5,366,133 shares. The stock had previously closed at $191.60.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX reported third-quarter adjusted EPS of $2.26 and revenue of $24.97 billion, surpassing analyst estimates of $1.78 and $24.11 billion, respectively. Revenue increased 11.1% year over year. RTX Q3 Deep Dive: Defense Awards and Commercial Aftermarket Drive Upward Guidance
• Positive Sentiment: Management raised fiscal 2026 guidance to EPS of $7.65–$7.75 and revenue of $97.0–$97.5 billion, above consensus estimates of $7.25 EPS and $96.2 billion in revenue. RTX Q3 Earnings Call Highlights Defense Backlog and Higher 2026 Outlook
• Positive Sentiment: A record $340 billion backlog, expanding defense production and strong aircraft replacement-parts, repair and avionics demand provide visibility into future sales and cash flow. RTX Q3 Earnings Call Highlights
• Positive Sentiment: Profitability improved, with roughly 310 basis points of segment-margin expansion and stronger cash-flow prospects. RBC also cited missile agreements and improving Pratt & Whitney margins as potential 2027 growth drivers. RTX Positioned for 2027 Growth
• Neutral Sentiment: Collins Aerospace product launches—including radio-altimeter upgrades meeting new FAA standards and new flight-support software—support customer retention and incremental growth, but are unlikely to materially affect near-term earnings. Collins Aerospace Radio Altimeter Upgrades
• Negative Sentiment: Investors remain alert to ongoing margin pressure and paused share buybacks, while the stock’s elevated valuation leaves less room for execution disappointments despite the stronger outlook.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. 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 report on Monday, July 27th. Jefferies Financial Group set a $250.00 price objective on RTX and gave the stock a “buy” rating in a research note on Sunday, July 26th. The Goldman Sachs Group upped their price objective on RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Robert W. Baird set a $240.00 price objective on RTX in a research note on Friday, July 24th. Finally, UBS Group raised their price objective on RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $227.12.

RTX Price Performance

The company has a market capitalization of $262.13 billion, a P/E ratio of 31.57, a P/E/G ratio of 2.33 and a beta of 0.31. The firm’s fifty day moving average is $197.84 and its 200 day moving average is $193.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.05.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 EPS. As a group, analysts predict that RTX Corporation will post 7.70 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $213.62, for a total value of $1,016,831.20. Following the sale, the vice president directly owned 22,349 shares in the company, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is currently owned by insiders.

Institutional Trading of RTX

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of RTX during the second quarter valued at $20,970,571,000. Bank of New York Mellon Corp purchased a new position in RTX in the 2nd quarter worth about $1,456,256,000. Legal & General Group Plc purchased a new position in RTX in the 2nd quarter worth about $1,267,256,000. Deutsche Bank AG purchased a new position in RTX in the 2nd quarter worth about $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in RTX during the 2nd quarter valued at about $636,932,000. 86.50% of the stock is currently owned by institutional investors.

About RTX

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.