RTX (NYSE:RTX) Trading Up 0.9% – Still a Buy?

by · The Cerbat Gem

Shares of RTX Co. (NYSE:RTX – Get Free Report) were up 0.9% on Friday . The company traded as high as $130.57 and last traded at $130.31. Approximately 737,704 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 4,911,559 shares. The stock had previously closed at $129.20.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RTX shares. Wells Fargo & Company boosted their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Morgan Stanley lifted their price target on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Susquehanna boosted their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.40.

Read Our Latest Stock Report on RTX

RTX Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market cap of $173.16 billion, a PE ratio of 36.61, a PEG ratio of 2.11 and a beta of 0.78. The firm has a 50-day moving average of $124.78 and a 200-day moving average of $122.01.

RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Research analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock worth $10,309,302 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On RTX

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northstar Financial Companies Inc. purchased a new stake in RTX in the fourth quarter valued at approximately $1,057,000. Centaurus Financial Inc. raised its holdings in shares of RTX by 40.6% in the fourth quarter. Centaurus Financial Inc. now owns 17,368 shares of the company’s stock valued at $2,010,000 after buying an additional 5,012 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new stake in shares of RTX during the fourth quarter worth $163,000. TFR Capital LLC. purchased a new position in RTX during the fourth quarter worth about $203,000. Finally, Probity Advisors Inc. acquired a new stake in RTX in the fourth quarter valued at about $211,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Company Profile

(Get Free Report)

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.

Featured Stories