RTX's (RTX) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• RTX has had its "buy (B-)" rating reiterated by Weiss Ratings, indicating continued analyst confidence in the stock.
• Various investment firms, including Morgan Stanley and Bank of America, have raised their target prices for RTX, reflecting positive market sentiment.
• The company's most recent earnings report showed an EPS of $1.56, exceeding expectations and representing a revenue increase of 9.4% compared to the prior year.

RTX (NYSE:RTX - Get Free Report)'s stock had its "buy (b-)" rating reiterated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other research analysts have also issued reports about the company. Morgan Stanley lifted their target price on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Barclays lifted their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Bank of America lifted their price target on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Citigroup lifted their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and an average price target of $164.13.

RTX Trading Down 0.5%

NYSE:RTX opened at $168.47 on Wednesday. The firm has a market cap of $225.50 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. The stock has a fifty day moving average price of $158.89 and a 200 day moving average price of $144.61. RTX has a 12-month low of $112.27 and a 12-month high of $170.85. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts anticipate that RTX will post 6.11 earnings per share for the current fiscal year.

Insider Buying and Selling at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by insiders.

Hedge Funds Weigh In On RTX

Several institutional investors have recently added to or reduced their stakes in RTX. Norges Bank acquired a new position in RTX in the 2nd quarter valued at about $2,359,602,000. Nuveen LLC acquired a new position in RTX in the 1st quarter valued at about $916,739,000. Laurel Wealth Advisors LLC increased its position in RTX by 14,974.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company's stock valued at $525,518,000 after acquiring an additional 3,575,069 shares during the period. Vanguard Group Inc. increased its position in RTX by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company's stock valued at $17,825,353,000 after acquiring an additional 2,238,247 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock valued at $845,784,000 after acquiring an additional 1,394,918 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Company Profile

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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