RTX (NYSE:RTX) Shares Down 1.9% – What’s Next?

RTX Corporation (NYSE:RTX) traded down 1.9% during mid-day trading on Friday. The company traded as low as $189.28 and last traded at $191.1040. Approximately 5,191,636 shares changed hands during trading, a decline of 3% from the average session volume of 5,358,939 shares. The stock had previously closed at $194.71.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, secured a $350 million U.S. Air Force contract modification, reinforcing defense backlog visibility and supporting future revenue. RTX’s Raytheon Secures $350 Million US Air Force Contract Modification
• Positive Sentiment: Erste Group Bank raised its RTX EPS forecasts to $7.30 for fiscal 2026 and $7.90 for fiscal 2027, citing improving expectations. The 2027 estimate is above the current consensus of $7.72. Erste Group Bank RTX earnings estimates
• Positive Sentiment: Analyst commentary continues to point to record third-quarter results, strong backlogs, aircraft production growth and resilient demand for replacement parts, repairs, engines and avionics. RTX’s latest reported quarter also exceeded earnings and revenue expectations. Are RTX Corporation and Northrop Grumman Ready to Break Out?
• Positive Sentiment: Collins Aerospace plans a 2027 radio-altimeter upgrade for business aircraft to meet new FAA standards and improve resilience to 5G interference. The program could generate recurring upgrade and service demand without requiring full avionics replacements. What Does RTX Altimeter Upgrade Push Mean For Business Aviation?
• Neutral Sentiment: Several articles concern NVIDIA GeForce RTX graphics cards, stolen GPUs and gaming products. Those stories are unrelated to RTX Corporation and should not be treated as catalysts for RTX stock.

Analyst Ratings Changes

Several analysts have commented on RTX shares. Royal Bank Of Canada lowered their price objective on shares of RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Wells Fargo & Company increased their target price 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. BNP Paribas Exane raised their price target on shares of RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of RTX from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, TD Cowen dropped their price objective on RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $227.12.

RTX Stock Down 1.9%

The stock has a 50 day moving average of $196.68 and a 200-day moving average of $193.62. The firm has a market capitalization of $257.88 billion, a P/E ratio of 31.02, a PEG ratio of 2.32 and a beta of 0.31. 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 issued its earnings results 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 firm had revenue of $24.96 billion during 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 quarter last year, the business earned $1.70 earnings per share. Research analysts predict that RTX Corporation will post 7.57 earnings per share for the current fiscal year.

Insider Activity at RTX

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total transaction of $488,092.50. Following the sale, the vice president owned 20,099 shares of the company’s stock, valued at $4,360,076.07. The trade was a 10.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction 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 owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of RTX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Montz Harcus Wealth Management LLC grew its holdings in RTX by 3.2% during the 2nd quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $311,000 after buying an additional 51 shares in the last quarter. Safeguard Investment Advisory Group LLC lifted its holdings in shares of RTX by 2.4% in the second quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company’s stock worth $430,000 after buying an additional 53 shares in the last quarter. Investment Research Partners LLC lifted its holdings in shares of RTX by 2.3% in the third quarter. Investment Research Partners LLC now owns 2,502 shares of the company’s stock worth $464,000 after buying an additional 56 shares in the last quarter. LexAurum Advisors LLC boosted its position in shares of RTX by 0.7% in the third quarter. LexAurum Advisors LLC now owns 8,256 shares of the company’s stock valued at $1,533,000 after acquiring an additional 57 shares during the period. Finally, Dogwood Wealth Management LLC boosted its position in shares of RTX by 21.5% in the second quarter. Dogwood Wealth Management LLC now owns 328 shares of the company’s stock valued at $62,000 after acquiring an additional 58 shares during the period. 86.50% of the stock is currently owned by institutional investors.

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.