RTX Co. (NYSE:RTX - Get Free Report)'s stock price rose 1.8% during mid-day trading on Wednesday . The company traded as high as $126.15 and last traded at $125.94. Approximately 997,476 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 4,697,293 shares. The stock had previously closed at $123.76.
Analyst Ratings Changes
A number of research firms have recently commented on RTX. Royal Bank of Canada lifted 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. Wells Fargo & Company increased their price target on RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Citigroup raised RTX from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, StockNews.com lowered RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $163.07.
Read Our Latest Analysis on RTX
RTX Stock Performance
The company has a 50-day simple moving average of $121.38 and a two-hundred day simple moving average of $120.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market capitalization of $164.16 billion, a P/E ratio of 34.71, a PEG ratio of 2.12 and a beta of 0.82.
RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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 analysts forecast that RTX Co. will post 6.11 EPS for the current year.
RTX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. RTX's dividend payout ratio is currently 70.99%.
Insider Activity
In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value 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 approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.
Institutional Investors Weigh In On RTX
A number of large investors have recently added to or reduced their stakes in the stock. Aurdan Capital Management LLC bought a new position in shares of RTX during the 4th quarter valued at approximately $341,000. Vermillion Wealth Management Inc. bought a new position in shares of RTX during the fourth quarter worth $55,000. AlphaCore Capital LLC boosted its stake in RTX by 2.4% during the fourth quarter. AlphaCore Capital LLC now owns 14,133 shares of the company's stock valued at $1,635,000 after buying an additional 335 shares during the last quarter. Forum Financial Management LP increased its position in RTX by 41.7% in the fourth quarter. Forum Financial Management LP now owns 19,020 shares of the company's stock worth $2,201,000 after purchasing an additional 5,596 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in shares of RTX in the 4th quarter valued at about $1,198,000. Institutional investors own 86.50% of the company's stock.
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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