RTX Corporation (RTX) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts give RTX a “Moderate Buy” consensus: Of 26 firms covering the stock, 17 rate it Buy or Strong Buy, and the average one-year price target is $231.24.
• RTX reported quarterly EPS of $2.26, beating the $1.78 estimate, while revenue of $24.96 billion exceeded expectations and rose 11.1% year over year.
• Raytheon is reportedly planning to increase Tomahawk and AMRAAM missile production as much as fourfold by 2030; it also completed a third successful flight test of its DeepStrike JR3 rocket.

Shares of RTX Corporation (NYSE:RTX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-six research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $231.24.

Several research analysts have weighed in on RTX shares. The Goldman Sachs Group raised their price objective on shares of RTX from $195.00 to $206.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. UBS Group boosted their price objective on RTX from $209.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, October 21st. BNP Paribas Exane increased their target price on RTX from $220.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Royal Bank Of Canada decreased their target price on RTX from $250.00 to $235.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. Finally, Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is reportedly planning to increase Tomahawk and AMRAAM missile production as much as fourfold by 2030. If carried out, the expansion could help the company capture more defense demand, though the report describes a plan rather than completed production growth. Tomahawk and AMRAAM production report
• Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 rocket for the U.S. Army’s Joint Reduced Range Rocket program. The test demonstrated the system’s capabilities and may strengthen Raytheon’s position as the Army evaluates a replacement for its training rocket; it does not itself confirm a contract award. Raytheon JR3 flight test announcement

Insiders Place Their Bets

In related news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated 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 sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dantaya M. Williams sold 9,071 shares of the firm's stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the completion of the sale, the executive vice president owned 16,930 shares in the company, valued at $3,414,781. The trade was a 34.89% 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 corporate insiders.

Institutional Trading of RTX

Several hedge funds have recently added to or reduced their stakes in RTX. Pine Valley Investments Ltd Liability Co lifted its stake in RTX by 63.2% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company's stock worth $6,535,000 after purchasing an additional 13,118 shares during the last quarter. Rokos Capital Management LLP boosted its holdings in shares of RTX by 804.3% during the first quarter. Rokos Capital Management LLP now owns 556,152 shares of the company's stock worth $107,265,000 after purchasing an additional 494,652 shares during the period. Legal & General Group Plc bought a new stake in shares of RTX in the 2nd quarter worth approximately $1,267,256,000. Eastern Bank raised its stake in RTX by 112.0% in the third quarter. Eastern Bank now owns 177,392 shares of the company's stock worth $32,933,000 after buying an additional 93,725 shares in the last quarter. Finally, Corient Private Wealth LP grew its holdings in shares of RTX by 2,669.1% during the 2nd quarter. Corient Private Wealth LP now owns 1,399,904 shares of the company's stock worth $265,604,000 after acquiring an additional 1,349,350 shares during the period. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

Shares of RTX stock opened at $196.35 on Tuesday. The company has a market capitalization of $264.96 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.30. The firm has a fifty day simple moving average of $193.15 and a 200-day simple moving average of $195.52. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. RTX has a twelve month low of $166.74 and a twelve month high of $226.88.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. Equities research analysts anticipate that RTX will post 7.68 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, November 20th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX's payout ratio is presently 47.40%.

RTX Company Profile

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.

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