RTX Corporation (NYSE:RTX) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• RTX Corporation has received a consensus rating of "Moderate Buy" from analysts, with an average target price of $158.87 per share.
• The company reported quarterly earnings of $1.56 per share, exceeding expectations, and achieved a revenue of $21.58 billion for the quarter.
• Institutional investors currently hold 86.50% of RTX's stock, with significant recent investments from firms like Norges Bank and Vanguard Group.

RTX Corporation (NYSE:RTX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-one brokerages that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $158.8667.

Several equities analysts have issued reports on RTX shares. Citigroup increased their target price on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Bank of America increased their target price on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Barclays increased their target price on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st.

RTX Stock Performance

Shares of RTX stock opened at $154.88 on Thursday. The stock has a market capitalization of $207.32 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 2.80 and a beta of 0.67. RTX has a 12 month low of $112.27 and a 12 month high of $161.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The business has a 50-day moving average of $154.20 and a 200 day moving average of $140.15.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts forecast that RTX will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. RTX's dividend payout ratio is currently 59.78%.

Insider Activity

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president directly owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

Institutional Trading of RTX

A number of hedge funds have recently bought and sold shares of RTX. Norges Bank acquired a new stake in RTX during the second quarter worth approximately $2,359,602,000. Nuveen LLC acquired a new position in shares of RTX in the 1st quarter valued at $916,739,000. GAMMA Investing LLC boosted its holdings in shares of RTX by 14,838.5% in the 1st quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock valued at $551,460,000 after purchasing an additional 4,135,349 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of RTX by 14,974.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company's stock valued at $525,518,000 after purchasing an additional 3,575,069 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of RTX by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company's stock valued at $17,825,353,000 after purchasing an additional 2,238,247 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

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