RTX Sees Unusually High Options Volume (NYSE:RTX)

RTX Co. (NYSE:RTX - Get Free Report) was the target of unusually large options trading on Wednesday. Traders purchased 20,216 call options on the stock. This represents an increase of 54% compared to the typical daily volume of 13,110 call options.

RTX Stock Down 1.5 %

Shares of RTX stock traded down $1.88 during trading on Friday, reaching $123.23. The company's stock had a trading volume of 4,845,158 shares, compared to its average volume of 4,781,505. The business has a fifty day moving average price of $121.49 and a 200-day moving average price of $120.89. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $164.16 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. RTX has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data 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%. Analysts anticipate that RTX will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 yield of 2.04%. RTX's dividend payout ratio is 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 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 transaction, the executive vice president now directly owns 44,415 shares in the company, valued at $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 available at this link. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RTX. Norges Bank bought a new position in RTX in the fourth quarter valued at approximately $1,745,644,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of RTX by 43.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after purchasing an additional 3,164,844 shares during the period. Amundi raised its holdings in shares of RTX by 83.1% in the 4th quarter. Amundi now owns 6,288,559 shares of the company's stock valued at $728,964,000 after purchasing an additional 2,854,928 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of RTX by 545.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock valued at $286,845,000 after purchasing an additional 2,094,834 shares during the period. Finally, Capital Wealth Planning LLC bought a new stake in shares of RTX in the 4th quarter valued at about $216,340,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on RTX shares. Royal Bank of Canada upped their target price on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their target price on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and upped their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lifted their price objective on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $163.07.

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.