RTX (NYSE:RTX) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of RTX (NYSE:RTX - Free Report) from a hold rating to a buy rating in a report published on Thursday morning.

A number of other research firms also recently issued reports on RTX. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Royal Bank of Canada cut their price target on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Bank of America increased their price target on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, UBS Group boosted their price objective on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of "Buy" and an average price target of $161.06.

RTX Stock Down 0.7 %

Shares of NYSE RTX traded down $0.85 during midday trading on Thursday, hitting $124.37. The stock had a trading volume of 1,352,181 shares, compared to its average volume of 5,488,872. The company has a market cap of $166.04 billion, a P/E ratio of 35.08, a PEG ratio of 2.11 and a beta of 0.58. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business's 50 day moving average is $128.31 and its 200-day moving average is $123.75. RTX has a 52 week low of $99.07 and a 52 week high of $136.17.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. As a group, analysts predict that RTX will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.03%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio is presently 73.90%.

Insider Buying and Selling at RTX

In related news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the sale, the executive vice president now owns 29,742 shares in the company, valued at approximately $3,771,880.44. This trade represents a 39.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock worth $10,309,302 over the last 90 days. 0.15% of the stock is owned by insiders.

Institutional Investors Weigh In On RTX

Several institutional investors have recently made changes to their positions in RTX. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the first quarter valued at approximately $26,000. 10Elms LLP bought a new position in RTX in the 4th quarter valued at $29,000. Fairway Wealth LLC purchased a new stake in RTX in the fourth quarter worth $31,000. Picton Mahoney Asset Management lifted its position in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Finally, Greenline Partners LLC purchased a new stake in shares of RTX during the fourth quarter valued at $34,000. Institutional investors own 86.50% of the company's stock.

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.