RTX Sees Unusually Large Options Volume (NYSE:RTX)

Key Points

• RTX Corporation experienced a significant increase in trading activity with 25,630 call options being acquired, marking a 69% increase from the average daily volume.
• Insiders have sold a total of 56,635 shares worth nearly $9 million over the past three months, with notable sales from Philip J. Jasper and Shane G. Eddy, indicating potential concerns regarding insider confidence.
• RTX reported earnings per share of $1.70 for the last quarter, surpassing analysts' expectations, and indicated a strong revenue growth of 11.9% year-over-year.

RTX Corporation (NYSE:RTX - Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 25,630 call options on the company. This is an increase of 69% compared to the average daily volume of 15,183 call options.

Insider Activity

In related news, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares of the company's stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the firm's 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. Over the last three months, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RTX. Bay Capital Advisors LLC bought a new stake in shares of RTX during the first quarter worth $224,000. Brookwood Investment Group LLC bought a new stake in shares of RTX in the first quarter valued at about $1,288,000. LBP AM SA lifted its holdings in shares of RTX by 17.7% in the first quarter. LBP AM SA now owns 279,179 shares of the company's stock valued at $36,980,000 after purchasing an additional 41,990 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of RTX by 1.4% in the first quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock valued at $51,741,000 after purchasing an additional 5,356 shares in the last quarter. Finally, Redwood Financial Network Corp bought a new stake in shares of RTX in the first quarter valued at about $243,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Ratings Changes

RTX has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Citigroup increased their price objective on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group increased their price objective on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of RTX in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $164.13.

RTX Trading Up 7.6%

Shares of NYSE:RTX traded up $12.29 during midday trading on Tuesday, hitting $173.00. The company had a trading volume of 12,292,734 shares, compared to its average volume of 4,746,526. RTX has a 12 month low of $112.27 and a 12 month high of $178.76. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $231.57 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.98 and a beta of 0.66. The firm has a fifty day simple moving average of $159.66 and a 200 day simple moving average of $146.50.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion during the quarter, compared to analysts' expectations of $21.26 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company's revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts predict that RTX 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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