RTX Corporation (NYSE:RTX) Receives $226.94 Average Target Price from Brokerages

Shares of RTX Corporation (NYSE:RTX) have earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $228.5882.

A number of brokerages have commented on RTX. Wells Fargo & Company increased their price target on RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Susquehanna boosted their price objective on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. TD Cowen upped their target price on RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, June 17th.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 8,557 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares of the company’s stock, valued at $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the sale, the vice president owned 20,099 shares of the company’s stock, valued at $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 15,567 shares of company stock valued at $3,304,375. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of institutional investors and hedge funds have recently made changes to their positions in RTX. Brighton Jones LLC increased its holdings in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares in the last quarter. United Bank boosted its holdings in RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after acquiring an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after purchasing an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of RTX in the 2nd quarter worth approximately $5,157,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.5%

Shares of NYSE RTX opened at $217.80 on Friday. The company’s 50 day moving average price is $192.72 and its 200-day moving average price is $193.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. RTX has a 52-week low of $150.61 and a 52-week high of $221.34. The company has a market capitalization of $293.55 billion, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 2.58 and a beta of 0.29.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion during the quarter, compared to analysts’ expectations of $22.89 billion. During the same period in the prior year, the company posted $1.56 earnings per share. RTX’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. Equities analysts forecast that RTX will post 7.21 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is 51.41%.

RTX Company Profile

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.