RTX (NYSE:RTX) Stock Rating Upgraded by StockNews.com

RTX (NYSE:RTX - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.

A number of other research firms have also weighed in on RTX. Royal Bank of Canada reduced their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Bank of America lifted their price objective on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Baird R W upgraded RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $163.53.

RTX Trading Up 1.4 %

Shares of NYSE:RTX traded up $1.71 on Thursday, hitting $121.99. 4,510,957 shares of the company's stock were exchanged, compared to its average volume of 5,500,685. The business's 50 day simple moving average is $128.28 and its two-hundred day simple moving average is $123.73. 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 stock has a market capitalization of $162.87 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. RTX has a 12 month low of $99.07 and a 12 month high of $136.17.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The company had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. Analysts anticipate that RTX will post 6.11 EPS for the current fiscal year.

Insider Transactions at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the firm'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 sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RTX. Patron Partners LLC purchased a new position in RTX in the first quarter worth $205,000. Westend Capital Management LLC raised its holdings in shares of RTX by 149,271.0% in the 1st quarter. Westend Capital Management LLC now owns 46,305 shares of the company's stock worth $6,134,000 after purchasing an additional 46,274 shares during the period. Confluence Wealth Services Inc. lifted its stake in shares of RTX by 156.5% in the 1st quarter. Confluence Wealth Services Inc. now owns 10,619 shares of the company's stock valued at $1,407,000 after purchasing an additional 6,479 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of RTX by 22.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 689,542 shares of the company's stock worth $91,606,000 after purchasing an additional 126,789 shares during the period. Finally, Vista Investment Partners II LLC acquired a new stake in RTX during the 1st quarter worth approximately $274,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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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