RTX Co. (NYSE:RTX - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $126.12, but opened at $114.53. RTX shares last traded at $114.21, with a volume of 1,746,607 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts have issued reports on RTX shares. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Royal Bank of Canada lowered their target price on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday. Bank of America raised their price target on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, UBS Group raised 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. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, RTX has a consensus rating of "Buy" and a consensus target price of $161.38.
Check Out Our Latest Analysis on RTX
RTX Stock Performance
The stock has a market cap of $164.32 billion, a P/E ratio of 34.63, a P/E/G ratio of 2.11 and a beta of 0.58. The firm has a 50 day moving average of $128.28 and a two-hundred day moving average of $123.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.
RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $19.80 billion. On average, research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.
RTX Dividend Announcement
The business also recently disclosed 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. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 2.05%. RTX's payout ratio is 73.90%.
Insider Activity at RTX
In related news, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % 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 worth $10,309,302. Company insiders own 0.15% of the company's stock.
Hedge Funds Weigh In On RTX
Hedge funds have recently modified their holdings of the stock. 10Elms LLP bought a new position in shares of RTX during the fourth quarter valued at $29,000. Fairway Wealth LLC acquired a new position in RTX in the fourth quarter valued at about $31,000. Picton Mahoney Asset Management grew its stake in 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 buying an additional 265 shares during the last quarter. Greenline Partners LLC acquired a new stake in shares of RTX during the fourth quarter worth approximately $34,000. Finally, Modus Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $39,000. 86.50% of the stock is owned by institutional investors and hedge funds.
RTX Company Profile
(
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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