RTX (NYSE:RTX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RTX (NYSE:RTX) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other research analysts have also recently commented on RTX. Robert W. Baird set a $203.00 price target on shares of RTX in a research note on Wednesday, October 22nd. The Goldman Sachs Group raised their price target on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Morgan Stanley set a $215.00 price target on shares of RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $178.47.

RTX Stock Up 0.4%

NYSE RTX opened at $179.31 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The firm has a 50-day simple moving average of $161.56 and a 200 day simple moving average of $148.23. RTX has a twelve month low of $112.27 and a twelve month high of $180.50. The stock has a market cap of $240.42 billion, a PE ratio of 36.82, a PEG ratio of 3.12 and a beta of 0.66.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter last year, the company earned $1.45 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts forecast that RTX will post 6.11 EPS for the current year.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,469 shares of company stock valued at $7,364,841 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

Institutional Trading of RTX

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in RTX by 6.6% during the 3rd quarter. Versant Capital Management Inc now owns 6,209 shares of the company’s stock worth $1,039,000 after acquiring an additional 385 shares during the period. Ashton Thomas Securities LLC boosted its position in shares of RTX by 22.7% during the third quarter. Ashton Thomas Securities LLC now owns 2,081 shares of the company’s stock worth $348,000 after purchasing an additional 385 shares in the last quarter. Jacobsen Capital Management boosted its position in shares of RTX by 1.9% during the third quarter. Jacobsen Capital Management now owns 3,718 shares of the company’s stock worth $622,000 after purchasing an additional 71 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its position in shares of RTX by 16.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 27,208 shares of the company’s stock worth $4,553,000 after purchasing an additional 3,926 shares in the last quarter. Finally, Eastern Bank boosted its position in shares of RTX by 108.1% during the third quarter. Eastern Bank now owns 79,799 shares of the company’s stock worth $13,353,000 after purchasing an additional 41,461 shares in the last quarter. Institutional investors and hedge funds 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.