RTX Co. (NYSE:RTX - Get Free Report) fell 2.5% on Monday . The stock traded as low as $121.38 and last traded at $122.68. 7,714,193 shares traded hands during trading, an increase of 64% from the average session volume of 4,715,731 shares. The stock had previously closed at $125.84.
Wall Street Analysts Forecast Growth
RTX has been the subject of a number of research reports. Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Wells Fargo & Company lifted their price target on RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Finally, Argus upgraded RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $163.07.
Check Out Our Latest Stock Report on RTX
RTX Trading Down 0.1 %
The stock's 50-day moving average price is $121.38 and its 200 day moving average price is $120.83. 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 firm has a market capitalization of $166.85 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82.
RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping 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%. On average, sell-side analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.
RTX Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, February 21st. RTX's payout ratio is 70.99%.
Insider Buying and Selling at RTX
In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was 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 in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. CX Institutional raised its holdings in RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after purchasing an additional 11,706 shares in the last quarter. LRI Investments LLC raised its stake in shares of RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after acquiring an additional 4,732 shares in the last quarter. Napa Wealth Management purchased a new stake in RTX during the third quarter valued at approximately $1,307,000. Czech National Bank boosted its stake in RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after acquiring an additional 17,608 shares in the last quarter. Finally, Archer Investment Corp boosted its stake in RTX by 370.3% in the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after acquiring an additional 4,151 shares in the last quarter. 86.50% of the stock is owned by institutional investors.
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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