RTX Co. (NYSE:RTX - Get Free Report) shares traded down 1.9% on Thursday . The stock traded as low as $126.61 and last traded at $127.13. 1,231,479 shares were traded during mid-day trading, a decline of 78% from the average session volume of 5,602,509 shares. The stock had previously closed at $129.64.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and raised their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Morgan Stanley boosted their price objective on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their target price on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $163.40.
Check Out Our Latest Research Report on RTX
RTX Stock Up 0.3 %
The company has a market capitalization of $171.35 billion, a P/E ratio of 36.23, a P/E/G ratio of 2.11 and a beta of 0.78. The business's fifty day moving average price is $123.78 and its 200 day moving average price is $121.70. 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 (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal year.
RTX Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.96%. RTX's dividend payout ratio is currently 70.99%.
Insider Buying and Selling at RTX
In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The shares were 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 owns 81,508 shares in the company, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.13% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On RTX
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter worth approximately $29,000. 10Elms LLP acquired a new stake in RTX in the fourth quarter worth about $29,000. Fairway Wealth LLC bought a new stake in RTX during the 4th quarter worth about $31,000. Picton Mahoney Asset Management lifted its position in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 265 shares during the period. Finally, Greenline Partners LLC bought a new position in shares of RTX in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 86.50% of the company's stock.
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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