RTX Corporation (NYSE:RTX - Get Free Report) dropped 1.3% during trading on Thursday . The stock traded as low as $193.91 and last traded at $195.8990. Approximately 3,986,752 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 5,894,136 shares. The stock had previously closed at $198.39.
Trending Headlines about RTX
Here are the key news stories impacting RTX this week:
Wall Street Analyst Weigh In
RTX has been the topic of several recent research reports. Citigroup decreased their price objective on RTX from $238.00 to $226.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of RTX in a research note on Friday, April 10th. DZ Bank downgraded RTX from a "hold" rating to a "strong sell" rating in a research note on Friday, February 6th. Vertical Research reaffirmed a "buy" rating and issued a $227.00 price objective on shares of RTX in a research note on Tuesday, January 27th. Finally, Wolfe Research reaffirmed an "outperform" rating on shares of RTX in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $203.61.
Read Our Latest Report on RTX
RTX Price Performance
The firm has a 50 day moving average of $200.44 and a 200-day moving average of $186.82. The company has a market cap of $263.67 billion, a P/E ratio of 39.50, a P/E/G ratio of 2.94 and a beta of 0.43. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.
RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. The company had revenue of $24.24 billion for the quarter, compared to the consensus estimate of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities research analysts predict that RTX Corporation will post 6.11 EPS for the current year.
RTX Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, February 20th. RTX's dividend payout ratio (DPR) is 54.84%.
Insider Activity at RTX
In related news, insider Shane G. Eddy sold 17,527 shares of RTX stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $199.16, for a total transaction of $3,490,677.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $205.56, for a total value of $7,349,797.80. Following the transaction, the executive vice president owned 59,556 shares of the company's stock, valued at $12,242,331.36. This represents a 37.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 89,255 shares of company stock worth $18,151,956 in the last three months. Corporate insiders own 0.10% of the company's stock.
Hedge Funds Weigh In On RTX
Several institutional investors have recently added to or reduced their stakes in the company. Guardian Investment Management purchased a new position in RTX during the 1st quarter valued at approximately $405,000. Terra Nova Asset Management LLC grew its holdings in RTX by 1.0% during the 1st quarter. Terra Nova Asset Management LLC now owns 18,391 shares of the company's stock valued at $3,548,000 after buying an additional 182 shares in the last quarter. First Community Trust NA grew its holdings in RTX by 8.2% during the 1st quarter. First Community Trust NA now owns 6,001 shares of the company's stock valued at $1,158,000 after buying an additional 456 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in RTX by 1.3% during the 1st quarter. Sheets Smith Wealth Management now owns 5,963 shares of the company's stock valued at $1,150,000 after buying an additional 76 shares in the last quarter. Finally, Triad Wealth Partners LLC grew its holdings in RTX by 44.1% during the 1st quarter. Triad Wealth Partners LLC now owns 3,417 shares of the company's stock valued at $659,000 after buying an additional 1,046 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.
RTX Company Profile
(
Get Free Report)
RTX NYSE: RTX is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.
RTX's operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider RTX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RTX wasn't on the list.
While RTX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.