RTX (NYSE:RTX) Shares Down 1.2% – Here’s Why

Shares of RTX Corporation (NYSE:RTX) were down 1.2% during trading on Friday. The stock traded as low as $187.71 and last traded at $189.5930. 5,016,522 shares were traded during mid-day trading, a decline of 7% from the average session volume of 5,394,384 shares. The stock had previously closed at $191.88.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: A report highlights RTX’s substantial order base and investment in expanding production capacity. It cites a $340 billion backlog, third-quarter sales of about $25 billion, and a higher 2026 free-cash-flow outlook of $9 billion to $9.2 billion. These figures suggest demand could support growth, though execution and contract economics remain important. America’s Military Rebuild Starts With a Manufacturing Problem
• Positive Sentiment: Defense-industry earnings point to continuing demand for conventional weapons as well as drones and advanced defense systems. That broader rearmament trend could benefit RTX, which supplies air-defense systems and related equipment, although the report does not discuss RTX specifically. Tanks or drones? Defense earnings reveal a more complicated rearmament boom
• Negative Sentiment: Political uncertainty is pressuring defense-sector shares: a report says the midterm election results put a proposed $1.5 trillion defense spending request in doubt. If spending plans stall or shrink, investors may reassess future growth for contractors such as RTX. Defense Stocks Sank as Democrats Took Congress and the $1.5 Trillion Budget Looks Doomed
• Negative Sentiment: One report attributed RTX share weakness to insider selling, which can concern investors about near-term sentiment. The provided article details do not specify the seller or the size of the insider transaction. RTX Shares Down 2.7% After Insider Selling
• Negative Sentiment: ETFs sold about $39 million of RTX shares on Nov. 4. This may add near-term selling pressure, though ETF flows alone do not indicate a change in the company’s fundamentals. RTX Sees $39.0 Million in Net ETF Selling

Analyst Ratings Changes

A number of equities analysts recently weighed in on RTX shares. UBS Group increased their price objective on shares of RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Sanford C. Bernstein cut their target price on RTX from $223.00 to $214.00 and set a “market perform” rating on the stock in a research report on Thursday, October 15th. DA Davidson upped their price target on RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Jefferies Financial Group set a $250.00 price target on RTX and gave the stock a “buy” rating in a research report on Sunday, July 26th. Finally, JPMorgan Chase & Co. raised their price target on RTX from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $231.24.

RTX Price Performance

The firm has a market cap of $255.84 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.11 and a beta of 0.30. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $193.46 and its 200-day moving average price is $195.52.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. During the same quarter last year, the firm posted $1.70 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that RTX Corporation will post 7.68 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be issued a $0.73 dividend. The ex-dividend date is Friday, November 20th. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is 47.40%.

Insider Activity

In other news, EVP Dantaya Williams sold 9,071 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the completion of the transaction, the executive vice president directly owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. The trade was a 34.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Institutional Trading of RTX

Institutional investors have recently modified their holdings of the stock. Rasp Wealth Solutions LLC grew its position in shares of RTX by 13.7% in the 3rd quarter. Rasp Wealth Solutions LLC now owns 3,774 shares of the company’s stock valued at $701,000 after buying an additional 455 shares during the last quarter. MSH Capital Advisors LLC raised its stake in RTX by 0.4% during the 3rd quarter. MSH Capital Advisors LLC now owns 14,436 shares of the company’s stock worth $2,680,000 after acquiring an additional 53 shares in the last quarter. Cornerstone Advisory LLC lifted its position in RTX by 4.1% in the third quarter. Cornerstone Advisory LLC now owns 7,249 shares of the company’s stock valued at $1,346,000 after acquiring an additional 285 shares during the last quarter. Ibex Wealth Advisors lifted its position in RTX by 40.5% in the third quarter. Ibex Wealth Advisors now owns 3,999 shares of the company’s stock valued at $742,000 after acquiring an additional 1,152 shares during the last quarter. Finally, Patrick Mauro Investment Advisor INC. lifted its position in RTX by 2.2% in the third quarter. Patrick Mauro Investment Advisor INC. now owns 38,279 shares of the company’s stock valued at $7,107,000 after acquiring an additional 829 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.

Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.