RTX (NYSE:RTX - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.12, Zacks reports. The company had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. RTX updated its FY 2025 guidance to 6.000-6.150 EPS.
RTX Price Performance
Shares of RTX traded up $3.46 during trading hours on Friday, hitting $125.43. The stock had a trading volume of 6,204,846 shares, compared to its average volume of 5,503,493. The stock has a market capitalization of $167.46 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The company's fifty day moving average is $128.28 and its two-hundred day moving average is $123.73. RTX has a 52 week low of $99.07 and a 52 week high of $136.17.
RTX Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. RTX's payout ratio is presently 73.90%.
Wall Street Analyst Weigh In
RTX has been the subject of several recent analyst reports. Wells Fargo & Company increased their target price on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Bank of America raised their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Citigroup cut their target price on shares of RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. StockNews.com upgraded shares of RTX from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Argus raised RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $161.38.
Read Our Latest Analysis on RTX
Insider Activity 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the firm's stock in a transaction dated 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 owns 44,415 shares of the company's stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last ninety days. Insiders own 0.15% of the company's stock.
Institutional Trading of RTX
An institutional investor recently raised its position in RTX stock. Revolve Wealth Partners LLC raised its position in RTX Co. (NYSE:RTX - Free Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,873 shares of the company's stock after buying an additional 159 shares during the period. Revolve Wealth Partners LLC's holdings in RTX were worth $564,000 as of its most recent filing with the SEC. 86.50% of the stock is currently owned by institutional investors and hedge funds.
About RTX
(
Get Free Report)
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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