RTX (NYSE:RTX) Stock Price Up 2.3% - Time to Buy?

Key Points

• RTX stock was up 2.3% mid‑day to about $176.93 with ~6.07M shares traded (roughly 2% above average); Wall Street consensus is a "Moderate Buy" with an average price target of $206.59.
• Operational strength: RTX beat Q1 estimates (EPS $1.78 vs. $1.52; revenue $22.08B vs. $21.38B), set FY2026 guidance of 6.600–6.800 EPS, and highlighted a record ~$271B backlog plus large orders (Pratt & Whitney engine deal and Raytheon radar orders) supporting long‑term defense and services revenue visibility.
• The board raised the quarterly dividend to $0.73 ($2.92 annualized, ~1.7% yield), while insiders have sold shares recently and institutional/hedge fund ownership stands at about 86.5%.

RTX Corporation (NYSE:RTX - Get Free Report) rose 2.3% during mid-day trading on Wednesday . The company traded as high as $178.09 and last traded at $176.9310. Approximately 6,068,388 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 5,944,437 shares. The stock had previously closed at $172.87.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: AirAsia X ordered 150 Airbus A220s powered by Pratt & Whitney GTF engines and signed a 12‑year EngineWise comprehensive maintenance deal — a sizeable multi-year services revenue stream for Pratt & Whitney. AirAsia orders 150 Airbus A220 aircraft powered by RTX's Pratt & Whitney GTF engines
• Positive Sentiment: Raytheon (an RTX business) won a firm order for 120 SharpSight radars from Blue Raven — the largest single order to date — which supports aftermarket, production ramp and global sales traction for a new Raytheon product line. RTX's Raytheon receives major order for SharpSight radars from Blue Raven
• Positive Sentiment: RTX reported a record ~$271B backlog and highlighted active missile‑defense production and supply‑chain engagements (Ursa Major tie‑ups) as the U.S. replenishes munitions — reinforcing long‑term defense revenue visibility. RTX Backlog And Missile Defense Role Raise Longer Term Investor Questions
• Positive Sentiment: Shareholder returns and bullish sentiment: the board boosted the quarterly dividend (noted by analysts/coverage) and hedge funds/TV personalities have flagged RTX as a top large‑cap defense pick, supporting investor confidence. RTX Corporation (RTX): One of the Best Large Cap Defense Stocks to Buy According to Hedge Funds
• Positive Sentiment: Public endorsement: notable media/TV commentators called RTX a buy amid selloff, which can fuel short‑term inflows. Jim Cramer calls RTX a 'monster' buy despite selloff
• Neutral Sentiment: Several consumer/GPU headlines reference “RTX” GPUs (Corsair PC deals, Asus laptops, Nvidia/AMD debate, supply shifts). These refer to NVIDIA’s RTX product branding, not RTX Corporation’s defense/aero business — limited direct impact on RTX Corp fundamentals. Corsair’s compact gaming PC with RTX 5070 hits its lowest Amazon price
• Neutral Sentiment: Additional consumer/GPU coverage (Nvidia 50‑series reaction, ASUS supply shifts, laptop GPU launches) may create headline noise but is unlikely to materially affect RTX Corp’s defense, aerospace and Pratt & Whitney revenue streams. Asus launches 18-inch Tianxuan 7 Pro Max gaming laptop with Ryzen 9 9955HX & up to RTX 5070 Ti

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research analyst reports. Vertical Research reissued a "buy" rating and issued a $227.00 target price on shares of RTX in a research report on Tuesday, January 27th. Wolfe Research restated an "outperform" rating on shares of RTX in a research note on Wednesday, February 4th. Susquehanna restated a "positive" rating and issued a $230.00 price target on shares of RTX in a research note on Thursday, January 15th. Wells Fargo & Company initiated coverage on shares of RTX in a research note on Wednesday, April 1st. They issued an "equal weight" rating and a $200.00 price target for the company. Finally, Melius Research upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $206.59.

RTX Trading Up 2.3%

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The company's 50 day simple moving average is $196.01 and its 200 day simple moving average is $188.46. The firm has a market cap of $238.27 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 2.45 and a beta of 0.31.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company's revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, research analysts expect that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This is an increase from RTX's previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. RTX's payout ratio is presently 51.03%.

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,136 shares of the business's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the completion of the transaction, the vice president owned 27,102 shares in the company, valued at approximately $5,455,632.60. The trade was a 23.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 17,527 shares of the business's stock in a transaction 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 89,255 shares of company stock valued at $18,151,956. Insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On RTX

A number of institutional investors and hedge funds have recently bought and sold shares of RTX. Brighton Jones LLC lifted its position in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after acquiring an additional 159 shares during the last quarter. United Bank lifted its position in RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company's stock valued at $1,490,000 after acquiring an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company's stock valued at $3,052,000 after acquiring an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in RTX in the second quarter valued at $5,157,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

About RTX

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.

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