RTX (NYSE:RTX) Announces Earnings Results, Beats Expectations By $0.13 EPS

RTX (NYSE:RTX) issued its quarterly earnings results on Tuesday. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13, Zacks reports. RTX had a return on equity of 12.45% and a net margin of 5.91%. RTX updated its FY 2025 guidance to 6.000-6.150 EPS.

RTX Stock Performance

Shares of RTX stock opened at $126.12 on Tuesday. The firm has a market cap of $168.38 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. RTX has a 1 year low of $99.07 and a 1 year high of $136.17. The firm’s 50-day simple moving average is $128.57 and its 200-day simple moving average is $123.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RTX. Susquehanna upped their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Bank of America raised their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.27.

Insider Activity at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 over the last three months. 0.15% of the stock is owned by insiders.

Hedge Funds Weigh In On RTX

A hedge fund recently raised its stake in RTX stock. Brighton Jones LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 24.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,018 shares of the company’s stock after purchasing an additional 3,332 shares during the quarter. Brighton Jones LLC’s holdings in RTX were worth $1,969,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 86.50% of the company’s stock.

About RTX

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.