RTX Corporation (NYSE:RTX) Sees Significant Growth in Short Interest

Key Points

• Short interest in RTX Corporation rose by 24.1% in July, totaling 14.21 million shares, indicating growing bearish sentiment among investors.
• RTX reported a net revenue of $21.58 billion for the last quarter, exceeding analysts' expectations and showing a year-over-year increase of 9.4%.
• The company announced a quarterly dividend of $0.68 per share, set to be paid on September 4th, reflecting a stable payout ratio of 59.78%.

RTX Corporation (NYSE:RTX - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 14,210,000 shares, agrowthof24.1% from the July 15th total of 11,450,000 shares. Currently,1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,380,000 shares, the short-interest ratio is currently 2.6 days. Based on an average daily trading volume, of 5,380,000 shares, the short-interest ratio is currently 2.6 days. Currently,1.1% of the shares of the stock are short sold.

RTX Stock Down 0.0%

NYSE RTX traded down $0.0530 on Friday, reaching $156.2670. 4,250,914 shares of the stock traded hands, compared to its average volume of 4,034,675. RTX has a 12 month low of $112.27 and a 12 month high of $158.79. The company has a market cap of $209.17 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.88 and a beta of 0.69. The company has a fifty day moving average price of $150.96 and a 200-day moving average price of $137.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm 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 business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts forecast that RTX will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

Analyst Ratings Changes

Several equities analysts recently commented on RTX shares. Susquehanna upped their price target on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Morgan Stanley boosted their price objective on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.67.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the business's 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 sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,589 shares of company stock valued at $7,126,389 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RTX

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in RTX by 1.9% during the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company's stock worth $17,825,353,000 after buying an additional 2,238,247 shares during the period. State Street Corp boosted its position in RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company's stock valued at $16,457,452,000 after purchasing an additional 552,009 shares in the last quarter. Fisher Asset Management LLC raised its holdings in RTX by 4.2% in the second quarter. Fisher Asset Management LLC now owns 20,599,190 shares of the company's stock worth $3,007,894,000 after purchasing an additional 837,268 shares in the last quarter. Norges Bank purchased a new stake in shares of RTX during the second quarter valued at about $2,359,602,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of RTX by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company's stock valued at $2,330,215,000 after buying an additional 1,361,071 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

About RTX

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.