RTX (NYSE:RTX) Sets New 12-Month High After Analyst Upgrade

Key Points

• RTX Corporation reached a new 12-month high of $169.61 following an upgrade by Sanford C. Bernstein, raising its price target from $157.00 to $181.00.
• Analysts have issued optimistic ratings, with UBS and Bank of America both setting their target prices above $175.00 and categorizing RTX as a "buy."
• In insider trading news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock, representing a significant reduction in his holdings.

RTX Corporation (NYSE:RTX - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Sanford C. Bernstein raised their price target on the stock from $157.00 to $181.00. Sanford C. Bernstein currently has a market perform rating on the stock. RTX traded as high as $169.61 and last traded at $168.60, with a volume of 376434 shares. The stock had previously closed at $166.58.

Other equities analysts also recently issued reports about the company. UBS Group boosted their price objective on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Bank of America boosted their target price on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Morgan Stanley boosted their target price on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of RTX in a report on Saturday, September 27th. Finally, The Goldman Sachs Group boosted their target price on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average target price of $160.47.

Insider Activity at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of RTX

Large investors have recently added to or reduced their stakes in the company. PFS Partners LLC raised its stake in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in RTX during the 1st quarter valued at $26,000. LFA Lugano Financial Advisors SA acquired a new stake in RTX during the 2nd quarter valued at $29,000. Access Investment Management LLC acquired a new stake in RTX during the 2nd quarter valued at $31,000. Finally, BOK Financial Private Wealth Inc. raised its stake in RTX by 45.3% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company's stock valued at $37,000 after purchasing an additional 78 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

The firm's 50 day simple moving average is $158.18 and its 200-day simple moving average is $144.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The company has a market capitalization of $226.08 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 3.07 and a beta of 0.66.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the business posted $1.41 earnings per share. RTX's revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts expect that RTX Corporation will post 6.11 EPS for the current year.

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.

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