RTX (NYSE:RTX) Shares Up 0.1% - Still a Buy?

RTX Co. (NYSE:RTX - Get Free Report) was up 0.1% on Thursday . The stock traded as high as $129.61 and last traded at $129.38. Approximately 1,390,798 shares traded hands during trading, a decline of 75% from the average daily volume of 5,463,939 shares. The stock had previously closed at $129.25.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RTX shares. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price objective on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.27.

RTX Stock Performance

The stock has a market cap of $168.38 billion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The business has a 50 day moving average price of $128.59 and a two-hundred day moving average price of $123.83. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, sell-side analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, February 21st. RTX's payout ratio is 70.99%.

Insider Buying and Selling

In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the transaction, the chief financial officer now directly owns 59,556 shares of the company's stock, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 over the last three months. 0.15% of the stock is owned by insiders.

Hedge Funds Weigh In On RTX

Hedge funds have recently made changes to their positions in the company. CX Institutional raised its position in RTX by 21.9% during the 4th quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after buying an additional 11,706 shares during the last quarter. National Pension Service lifted its holdings in shares of RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after buying an additional 375,781 shares during the period. Czech National Bank grew its holdings in RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company's stock worth $33,396,000 after acquiring an additional 17,608 shares during the period. Archer Investment Corp lifted its holdings in RTX by 370.3% in the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after acquiring an additional 4,151 shares during the period. Finally, Optas LLC increased its holdings in shares of RTX by 114.5% during the 4th quarter. Optas LLC now owns 7,062 shares of the company's stock valued at $817,000 after purchasing an additional 3,770 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

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.