RTX (NYSE:RTX) Raised to “Strong-Buy” at Zacks Research

RTX (NYSE:RTX) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

A number of other research firms also recently commented on RTX. Citigroup reissued a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. Rothschild & Co Redburn upped their price target on shares of RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their price objective on shares of RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Jefferies Financial Group set a $250.00 price objective on shares of RTX and gave the company a “buy” rating in a report on Sunday, July 26th. Finally, TD Cowen reduced their price objective on shares of RTX from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.24.

RTX Stock Up 2.1%

Shares of RTX opened at $200.39 on Monday. The business’s 50 day moving average is $193.00 and its 200 day moving average is $195.54. The company has a market capitalization of $270.41 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.30. RTX has a 12-month low of $166.74 and a 12-month high of $226.88. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 earnings per share. Research analysts expect that RTX will post 7.73 earnings per share for the current fiscal year.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya Williams sold 9,071 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 16,930 shares of the company’s stock, valued at $3,414,781. This represents a 34.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On RTX

Several hedge funds have recently modified their holdings of the company. Fortress Financial Group LLC acquired a new position in shares of RTX during the second quarter valued at approximately $358,000. Evergreen Advisors LLC acquired a new position in RTX in the 1st quarter valued at $31,000. BOK Financial Private Wealth Inc. acquired a new position in RTX in the 2nd quarter valued at $36,000. Next Level Wealth Planning LLC purchased a new position in RTX in the 3rd quarter valued at $41,000. Finally, Midwest Capital Advisors LLC purchased a new position in RTX in the 3rd quarter valued at $42,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: A report says RTX expects margin expansion and cash-flow growth in 2027, pointing to potential improvement in profitability and cash generation. RTX sees margin expansion, cash flow growth in 2027
• Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 training rocket for the U.S. Army. The milestone advances a program intended to replace the Army’s current practice rocket and may support future business opportunities. Raytheon advances Joint Reduced Range Rocket with third successful flight test
• Positive Sentiment: RTX was added to Zacks’ Rank #1 (Strong Buy) list, including its income-stock list. Such ratings may bolster investor interest, though they are not company announcements. New Strong Buy Stocks for November 10th
• Neutral Sentiment: A valuation analysis raises the question of whether RTX’s share price is justified by expected cash flows after a reported 154.1% three-year return. It cites defense contract wins and technology projects, but provides a reason for investors to weigh growth prospects against valuation. Is RTX Still Near Fair Value After New Defense Wins?

RTX Company Profile

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.