RTX (NYSE:RTX) Shares Up 1% - Time to Buy?

RTX Co. (NYSE:RTX - Get Free Report) shares traded up 1% during mid-day trading on Monday . The stock traded as high as $133.93 and last traded at $133.66. 600,451 shares changed hands during trading, a decline of 89% from the average session volume of 5,354,784 shares. The stock had previously closed at $132.37.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RTX. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Royal Bank of Canada upped their target price on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Citigroup raised RTX from a "neutral" rating to a "buy" rating and raised their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Finally, Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $166.40.

RTX Stock Performance

The company has a 50-day moving average of $128.12 and a 200-day moving average of $122.87. The firm has a market capitalization of $178.14 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

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RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were given 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 yield of 1.89%. RTX's dividend payout ratio (DPR) is currently 70.99%.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 2,872 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. Corporate insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On RTX

Several institutional investors have recently made changes to their positions in the stock. 10Elms LLP acquired a new position in RTX during the 4th quarter worth approximately $29,000. Fairway Wealth LLC acquired a new position in shares of RTX during the fourth quarter worth approximately $31,000. Picton Mahoney Asset Management grew its position in RTX by 2,944.4% in 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. Greenline Partners LLC acquired a new position in RTX during the fourth quarter worth $34,000. Finally, Modus Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 86.50% of the company's stock.

About RTX

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.