RTX (NYSE:RTX) Shares Down 1.5% – Here’s Why

Shares of RTX Corporation (NYSE:RTX) were down 1.5% during trading on Tuesday. The company traded as low as $194.36 and last traded at $194.4940. 4,345,883 shares were traded during trading, a decline of 19% from the average daily volume of 5,361,765 shares. The stock had previously closed at $197.48.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s record $340 billion backlog, including approximately $164 billion in defense orders, provides long-term revenue visibility. Analysts also highlight the company’s balanced exposure to commercial aerospace and defense markets, which could support performance across different economic conditions. RTX Has a $340 Billion Backlog and Trades at 32 Times Earnings
• Positive Sentiment: Recent coverage points to an 11% year-over-year sales increase and ongoing benefits from higher defense budgets, missile demand, radar modernization and drone-related opportunities. These trends reinforce expectations for continued growth in RTX’s core businesses. Better Defense Stock to Own Through 2030: Palantir vs. RTX Corporation
• Positive Sentiment: Collins Aerospace launched an OpenAPI service that allows business aviation operators to integrate ARINCDirect flight-planning and operational data with existing software. The initiative could improve customer workflows and deepen Collins’ relationships with flight departments. What Could RTX Gain From Collins Aerospace’s New OpenAPI Launch?
• Neutral Sentiment: RTX CFO Neil Mitchill is scheduled to speak at the Baird Global Industrial Conference on November 10. Investors may look for updates on backlog conversion, cash flow, supply-chain execution and guidance, but the announcement itself does not change fundamentals. RTX CFO to Present at the Baird 2026 Global Industrial Conference
• Negative Sentiment: Valuation remains a potential constraint: RTX trades at roughly 32 times earnings after a 166.8% three-year rally. Coverage describes the shares as fairly valued versus peers, suggesting much of the company’s strong backlog and cash-generation outlook may already be reflected in the stock. Is RTX Stock Cheap, or Is Its Cash Flow Priced In?

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $240.00 price objective (up from $220.00) on shares of RTX in a report on Friday, July 24th. Argus set a $245.00 target price on RTX and gave the company a “buy” rating in a report on Thursday, July 30th. TD Cowen decreased their target price on RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Weiss Ratings upgraded RTX from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday. Finally, DA Davidson raised their price objective on RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a report on Monday, July 27th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $228.32.

RTX Stock Performance

The company has a market cap of $262.46 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.24 and a beta of 0.31. The firm has a 50 day simple moving average of $196.62 and a 200-day simple moving average of $195.37. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81.

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. RTX had a net margin of 8.75% and a return on equity of 14.89%. The firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. During the same quarter last year, the company posted $1.70 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, analysts predict that RTX Corporation will post 7.57 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, 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 value of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RTX

Large investors have recently bought and sold shares of the stock. Evergreen Advisors LLC purchased a new position in RTX during the 1st quarter worth $31,000. Signature Resources Capital Management LLC raised its holdings in RTX by 111.5% in the first quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock valued at $36,000 after buying an additional 97 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in RTX during the second quarter valued at approximately $36,000. Networth Advisors LLC bought a new stake in RTX during the 1st quarter valued at approximately $40,000. Finally, Groupe la Francaise raised its stake in shares of RTX by 50.9% in the second quarter. Groupe la Francaise now owns 261 shares of the company’s stock valued at $45,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.