RTX Co. (NYSE:RTX) Receives Consensus Rating of “Hold” from Analysts

RTX Co. (NYSE:RTX) has earned an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $157.31.

RTX has been the subject of a number of recent research reports. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research note on Tuesday, July 30th. Wells Fargo & Company cut their target price on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, The Goldman Sachs Group boosted their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th.

RTX Price Performance

Shares of NYSE RTX opened at $124.04 on Thursday. The firm has a market cap of $164.91 billion, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The business’s 50 day moving average is $118.69 and its 200-day moving average is $108.07. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. RTX has a 1-year low of $68.56 and a 1-year high of $125.53.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 EPS. Equities research analysts predict that RTX will post 5.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the sale, the vice president now directly owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the sale, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock valued at $20,861,880 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On RTX

A number of institutional investors have recently made changes to their positions in the stock. RFG Advisory LLC increased its position in RTX by 96.1% during the 1st quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after purchasing an additional 19,779 shares during the period. Robinson Smith Wealth Advisors LLC bought a new position in RTX during the fourth quarter worth $672,000. Gryphon Financial Partners LLC acquired a new position in RTX in the fourth quarter valued at $474,000. Edge Capital Group LLC boosted its position in RTX by 37.7% during the fourth quarter. Edge Capital Group LLC now owns 188,929 shares of the company’s stock valued at $15,896,000 after acquiring an additional 51,735 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in RTX by 7.0% during the 4th quarter. Rafferty Asset Management LLC now owns 360,036 shares of the company’s stock worth $30,293,000 after acquiring an additional 23,662 shares during the period. Institutional investors own 86.50% of the company’s stock.

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.