RTX (NYSE:RTX) Stock Price Up 2% – Still a Buy?

RTX Corporation (NYSE:RTX) shot up 2% on Wednesday . The stock traded as high as $222.82 and last traded at $222.3670. Approximately 4,266,060 shares changed hands during trading, a decline of 25% from the average session volume of 5,722,797 shares. The stock had previously closed at $217.93.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RTX shares. UBS Group upped their price objective on shares of RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Sanford C. Bernstein increased their price target on shares of RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a report on Monday. Wells Fargo & Company lifted their price objective on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, Weiss Ratings raised shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $228.59.

RTX Trading Up 2.0%

The business’s 50-day moving average price is $192.72 and its two-hundred day moving average price is $193.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The firm has a market cap of $299.70 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 2.58 and a beta of 0.29.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating 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 business had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter in the prior year, the firm posted $1.56 earnings per share. The company’s quarterly revenue 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 expect that RTX Corporation will post 7.21 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio is currently 51.41%.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider owned 8,809 shares of the company’s stock, valued at $1,852,444.61. The trade was a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 15,567 shares of company stock valued at $3,304,375. Company insiders own 0.10% of the company’s stock.

Institutional Trading of RTX

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in RTX during the fourth quarter valued at about $3,167,626,000. Auto Owners Insurance Co increased its position in RTX by 24,730.9% during the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock worth $1,852,882,000 after purchasing an additional 10,062,269 shares in the last quarter. Amundi raised its holdings in RTX by 69.7% in the first quarter. Amundi now owns 7,472,243 shares of the company’s stock valued at $1,441,396,000 after buying an additional 3,070,123 shares during the period. Vanguard Group Inc. lifted its position in RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after buying an additional 2,210,950 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of RTX by 1,545.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock worth $316,128,000 after acquiring an additional 1,618,933 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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.