RTX Corporation (NYSE:RTX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of RTX Corporation (NYSE:RTX) have received an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $164.1333.

RTX has been the topic of a number of analyst reports. Citigroup increased their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Bank of America increased their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st.

RTX Stock Performance

Shares of NYSE RTX opened at $157.64 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $211.01 billion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 2.93 and a beta of 0.66. The business’s 50-day simple moving average is $159.00 and its 200-day simple moving average is $145.11. RTX has a 52 week low of $112.27 and a 52 week high of $170.85.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts expect that RTX will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

Institutional Trading of RTX

Hedge funds have recently modified their holdings of the company. Cornerstone Advisory LLC increased its position in shares of RTX by 0.9% in the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after acquiring an additional 64 shares during the last quarter. Briaud Financial Planning Inc increased its position in shares of RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. AssuredPartners Investment Advisors LLC increased its position in shares of RTX by 2.4% in the third quarter. AssuredPartners Investment Advisors LLC now owns 2,816 shares of the company’s stock valued at $471,000 after acquiring an additional 65 shares during the last quarter. Carr Financial Group Corp increased its position in shares of RTX by 1.8% in the third quarter. Carr Financial Group Corp now owns 3,831 shares of the company’s stock valued at $641,000 after acquiring an additional 67 shares during the last quarter. Finally, Abound Wealth Management increased its position in shares of RTX by 4.4% in the third quarter. Abound Wealth Management now owns 1,604 shares of the company’s stock valued at $268,000 after acquiring an additional 67 shares during the last quarter. 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.