RTX (NYSE:RTX) Trading Up 0.1%

RTX Co. (NYSE:RTX)’s stock price traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $118.85 and last traded at $118.13. 794,854 shares were traded during mid-day trading, a decline of 89% from the average session volume of 6,954,517 shares. The stock had previously closed at $118.04.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. Robert W. Baird boosted their price target on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Royal Bank of Canada upped their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research report on Tuesday, July 30th. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $157.31.

RTX Stock Down 0.6 %

The business has a 50 day moving average price of $115.87 and a 200 day moving average price of $106.26. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The stock has a market cap of $157.17 billion, a PE ratio of 46.33, a P/E/G ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. Equities research analysts expect that RTX Co. will post 5.45 EPS for the current fiscal year.

Insider Buying and Selling at RTX

In other news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.96, for a total transaction of $938,763.36. Following the sale, the vice president now directly owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Kevin G. Dasilva sold 8,166 shares of RTX stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the sale, the vice president now owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amy L. Johnson sold 6,734 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the transaction, the vice president now owns 12,318 shares in the company, valued at $1,402,773.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 178,333 shares of company stock valued at $20,861,880. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of RTX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elgethun Capital Management grew its holdings in shares of RTX by 3.8% in the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after acquiring an additional 85 shares during the period. Alpha Omega Wealth Management LLC raised its stake in shares of RTX by 0.6% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock worth $1,518,000 after buying an additional 89 shares during the last quarter. Lazari Capital Management Inc. boosted its position in shares of RTX by 1.6% in the 2nd quarter. Lazari Capital Management Inc. now owns 6,009 shares of the company’s stock worth $603,000 after buying an additional 95 shares in the last quarter. Motco grew its stake in RTX by 7.2% in the 1st quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after acquiring an additional 99 shares during the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in RTX by 4.0% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,602 shares of the company’s stock valued at $261,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors 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.