RTX (NYSE:RTX) Stock Price Down 1.7% – What’s Next?

RTX Corporation (NYSE:RTX) shares were down 1.7% during trading on Thursday . The stock traded as low as $191.84 and last traded at $193.5040. Approximately 3,489,318 shares traded hands during trading, a decline of 36% from the average daily volume of 5,431,511 shares. The stock had previously closed at $196.83.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX reportedly secured a roughly $22.9 billion Tomahawk missile contract, one of the largest missile awards in Pentagon history. The deal adds to a backlog reported at approximately $289 billion and reinforces the company’s exposure to rising U.S. defense spending. Jim Cramer Says Defense Giant Still Too Expensive, Despite $22.9 Billion Tomahawk Missile Deal
• Positive Sentiment: Analyst optimism improved after Zacks upgraded RTX to a Rank #2 (Buy), citing strengthening earnings prospects. The upgrade follows RTX’s recent quarterly performance, in which revenue and adjusted earnings exceeded consensus expectations. RTX Upgraded to Buy: Here’s Why
• Positive Sentiment: RTX is expanding its survivable communications portfolio with satellite, very-low-frequency communications and command-and-control capabilities. These offerings could support longer-term defense growth as governments invest in resilient military communications. Can RTX’s Survivable Communications Portfolio Support Defense Growth?
• Neutral Sentiment: RTX appointed Jill Albertelli as president of Pratt & Whitney, effective January 1, 2027, succeeding retiring executive Shane Eddy. The transition provides leadership continuity, although investors will monitor progress in the aerospace-engine and supply-chain businesses. RTX names Jill Albertelli as President, Pratt & Whitney
• Negative Sentiment: Jim Cramer cautioned that RTX remains expensive even after the missile award, arguing that much of the defense-growth outlook may already be reflected in the stock. A quarter-point Federal Reserve rate hike could also weigh on highly valued shares by increasing discount rates and investor financing costs. Jim Cramer Says Defense Giant Still Too Expensive, Despite $22.9 Billion Tomahawk Missile Deal

Analysts Set New Price Targets

RTX has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Argus set a $245.00 price objective on RTX in a research note on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 price objective on shares of RTX in a report on Friday, July 24th. Jefferies Financial Group set a $250.00 target price on RTX in a research report on Sunday, July 26th. Finally, TD Cowen increased their target price on RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $228.59.

RTX Stock Down 1.7%

The firm has a 50 day simple moving average of $208.24 and a two-hundred day simple moving average of $195.89. The stock has a market capitalization of $260.80 billion, a P/E ratio of 34.07, a PEG ratio of 2.52 and a beta of 0.29. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company had revenue of $24.71 billion for the quarter, compared to analyst estimates of $22.89 billion. During the same quarter last year, the company posted $1.56 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts expect that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Friday, August 14th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is 51.41%.

Insider Buying and Selling

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the transaction, the vice president directly owned 20,099 shares in the company, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,222 shares of company stock worth $6,362,003 in the last 90 days. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of RTX during the second quarter worth $20,970,571,000. Norges Bank acquired a new stake in RTX in the fourth quarter valued at $3,167,626,000. Auto Owners Insurance Co increased its holdings in RTX by 24,730.9% in the fourth quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after purchasing an additional 10,062,269 shares during the period. Bank of New York Mellon Corp bought a new position in RTX during the 2nd quarter worth $1,456,256,000. Finally, Legal & General Group Plc acquired a new position in RTX during the 2nd quarter worth about $1,267,256,000. Institutional investors own 86.50% of the company’s stock.

About RTX

RTX Corporation (NYSE:RTX) is an aerospace and defense company that develops and manufactures systems, products and services for commercial aviation, business aviation and government customers. Its offerings include aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, radar, air and missile defense systems, precision weapons and cybersecurity solutions.

The company operates through three principal businesses: Collins Aerospace, which provides aerospace systems and components; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance services; and Raytheon, which develops integrated defense systems, sensors, missiles and other mission technologies.