RTX Target of Unusually High Options Trading (NYSE:RTX)

RTX Co. (NYSE:RTX) saw unusually large options trading activity on Tuesday. Traders bought 28,365 call options on the stock. This is an increase of 39% compared to the average daily volume of 20,359 call options.

RTX Price Performance

Shares of RTX traded down $0.56 during mid-day trading on Tuesday, reaching $125.34. 2,414,600 shares of the stock traded hands, compared to its average volume of 6,764,470. The company has a market cap of $166.64 billion, a price-to-earnings ratio of 49.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. RTX has a 1 year low of $72.52 and a 1 year high of $128.70. The firm has a fifty day moving average price of $121.09 and a 200 day moving average price of $110.74. 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 (NYSE:RTX) last announced its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same period in the prior year, the company earned $1.29 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts predict that RTX will post 5.45 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. RTX’s dividend payout ratio is presently 98.82%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RTX. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and increased their target price for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. Bank of America raised RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Susquehanna upped their price target on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada boosted their price objective on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $162.50.

Insider Transactions at RTX

In related news, Chairman Gregory Hayes sold 134,887 shares of RTX 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 transaction, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other RTX news, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the transaction, the executive vice president now owns 38,855 shares of the company’s stock, valued at $4,463,273.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $15,881,595.38. Following the completion of the transaction, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. The trade was a 0.00 % decrease in their position. 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 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of institutional investors have recently made changes to their positions in the stock. Briaud Financial Planning Inc raised its position in RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory purchased a new stake in RTX during the 2nd quarter valued at about $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX during the 2nd quarter worth approximately $32,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the second quarter valued at approximately $41,000. Finally, Stephens Consulting LLC boosted its stake in shares of RTX by 34.1% during the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after purchasing an additional 114 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.