RTX Corporation (NYSE:RTX) Receives $202.00 Consensus Target Price from Brokerages

RTX Corporation (NYSE:RTXGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the twenty-one analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $205.1111.

A number of equities research analysts recently commented on the company. Vertical Research reiterated a “buy” rating and issued a $227.00 target price on shares of RTX in a research report on Tuesday, January 27th. Morgan Stanley restated an “overweight” rating and set a $235.00 price objective on shares of RTX in a research note on Wednesday, January 28th. UBS Group reaffirmed a “neutral” rating on shares of RTX in a report on Wednesday, January 28th. Wells Fargo & Company initiated coverage on shares of RTX in a research note on Wednesday. They issued an “equal weight” rating and a $200.00 price objective on the stock. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $204.00 target price on shares of RTX in a report on Thursday, January 29th.

View Our Latest Stock Analysis on RTX

RTX Stock Performance

Shares of RTX opened at $194.78 on Monday. The stock has a 50-day moving average of $200.24 and a two-hundred day moving average of $184.00. RTX has a one year low of $112.27 and a one year high of $214.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.03. The stock has a market cap of $262.17 billion, a P/E ratio of 39.27, a P/E/G ratio of 2.79 and a beta of 0.43.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. RTX had a return on equity of 13.08% and a net margin of 7.60%.The business had revenue of $24.24 billion for the quarter, compared to analyst estimates of $22.65 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, research analysts predict that RTX will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date was Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. RTX’s dividend payout ratio (DPR) is presently 54.84%.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 12,713 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the transaction, the executive vice president owned 16,749 shares of the company’s stock, valued at $3,397,199.67. The trade was a 43.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 15,124 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $204.65, for a total value of $3,095,126.60. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,698,105.60. The trade was a 53.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 89,255 shares of company stock worth $18,151,956. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RTX

Several hedge funds have recently bought and sold shares of RTX. State Street Corp increased its stake in shares of RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after purchasing an additional 552,009 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in RTX by 10.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock valued at $28,648,000 after buying an additional 16,467 shares in the last quarter. Groupama Asset Managment acquired a new stake in RTX in the 3rd quarter worth about $150,078,000. Rockland Trust Co. boosted its holdings in RTX by 121.1% in the 3rd quarter. Rockland Trust Co. now owns 20,245 shares of the company’s stock worth $3,388,000 after buying an additional 11,089 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in RTX by 9.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 75,321 shares of the company’s stock worth $12,604,000 after buying an additional 6,566 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Trending Headlines about RTX

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About RTX

(Get Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Further Reading

Analyst Recommendations for RTX (NYSE:RTX)

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