RTX Co. (NYSE:RTX) Given Consensus Rating of "Buy" by Brokerages

Shares of RTX Co. (NYSE:RTX - Get Free Report) have been assigned a consensus recommendation of "Buy" from the seventeen analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $166.40.

RTX has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and lifted their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price target on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. StockNews.com cut RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th.

Remove Ads

RTX Stock Performance

RTX traded down $2.12 during midday trading on Thursday, hitting $132.35. 9,544,708 shares of the company were exchanged, compared to its average volume of 5,373,375. The firm has a market capitalization of $176.70 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company's 50 day simple moving average is $127.15 and its 200 day simple moving average is $122.55. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. RTX has a 1-year low of $95.27 and a 1-year high of $135.74.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that RTX will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio is currently 70.99%.

Insider Activity at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares of the company's stock, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares of the company's stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RTX

Hedge funds have recently modified their holdings of the business. CX Institutional boosted its stake in RTX by 21.9% during the fourth 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 period. National Pension Service increased its holdings in 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 purchasing an additional 375,781 shares during the last quarter. LRI Investments LLC raised its position in RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company's stock valued at $9,221,000 after purchasing an additional 4,732 shares during the period. Czech National Bank boosted its position in shares of 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 buying an additional 17,608 shares during the period. Finally, Archer Investment Corp raised its holdings in shares of RTX by 370.3% in the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after buying an additional 4,151 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

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.