RTX (NYSE:RTX) Raised to “Strong-Buy” at Zacks Research

RTX (NYSE:RTX) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 price objective for the company. in a research note on Tuesday, October 13th. Morgan Stanley reissued an “overweight” rating and issued a $240.00 target price (up from $220.00) on shares of RTX in a research report on Friday, July 24th. The Goldman Sachs Group boosted their target price on shares of RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Royal Bank Of Canada dropped their price target on shares of RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, Jefferies Financial Group set a $250.00 price target on shares of RTX and gave the company a “buy” rating in a report on Sunday, July 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $231.24.

RTX Price Performance

RTX stock opened at $200.39 on Monday. The stock has a market capitalization of $270.41 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.30. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. RTX has a 52-week low of $166.74 and a 52-week high of $226.88. The stock’s fifty day simple moving average is $193.00 and its 200-day simple moving average is $195.54.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. Equities research analysts expect that RTX will post 7.73 EPS for the current year.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction on Friday, October 30th. The stock was sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the completion of the sale, the executive vice president owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. This trade represents a 34.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RTX

Large investors have recently added to or reduced their stakes in the stock. Montz Harcus Wealth Management LLC raised its stake in RTX by 3.2% during the 2nd quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $311,000 after acquiring an additional 51 shares in the last quarter. IMG Wealth Management Inc. grew its stake in shares of RTX by 5.7% in the third quarter. IMG Wealth Management Inc. now owns 958 shares of the company’s stock worth $178,000 after purchasing an additional 52 shares in the last quarter. Safeguard Investment Advisory Group LLC increased its holdings in shares of RTX by 2.4% during the second quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company’s stock valued at $430,000 after purchasing an additional 53 shares during the period. Global View Capital Management LLC increased its holdings in shares of RTX by 4.0% during the third quarter. Global View Capital Management LLC now owns 1,373 shares of the company’s stock valued at $255,000 after purchasing an additional 53 shares during the period. Finally, MSH Capital Advisors LLC increased its holdings in shares of RTX by 0.4% during the third quarter. MSH Capital Advisors LLC now owns 14,436 shares of the company’s stock valued at $2,680,000 after purchasing an additional 53 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: A report says RTX expects margin expansion and cash-flow growth in 2027, pointing to potential improvement in profitability and cash generation. RTX sees margin expansion, cash flow growth in 2027
• Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 training rocket for the U.S. Army. The milestone advances a program intended to replace the Army’s current practice rocket and may support future business opportunities. Raytheon advances Joint Reduced Range Rocket with third successful flight test
• Positive Sentiment: RTX was added to Zacks’ Rank #1 (Strong Buy) list, including its income-stock list. Such ratings may bolster investor interest, though they are not company announcements. New Strong Buy Stocks for November 10th
• Neutral Sentiment: A valuation analysis raises the question of whether RTX’s share price is justified by expected cash flows after a reported 154.1% three-year return. It cites defense contract wins and technology projects, but provides a reason for investors to weigh growth prospects against valuation. Is RTX Still Near Fair Value After New Defense Wins?

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.