RTX (NYSE:RTX) Sets New 12-Month High – Still a Buy?

RTX Corporation (NYSE:RTX)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $196.99 and last traded at $197.1990, with a volume of 21438 shares traded. The stock had previously closed at $193.85.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on RTX from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, December 19th. The Goldman Sachs Group lifted their price target on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. UBS Group lowered RTX from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $202.00 to $199.00 in a report on Monday, January 5th. Citigroup restated a “buy” rating on shares of RTX in a research note on Tuesday. Finally, Susquehanna increased their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average price target of $184.47.

RTX Stock Performance

The stock has a market capitalization of $263.22 billion, a PE ratio of 40.38, a PEG ratio of 2.74 and a beta of 0.44. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $178.54 and a 200-day moving average price of $165.58.

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

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of RTX by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 122,775,221 shares of the company’s stock valued at $20,543,978,000 after purchasing an additional 700,487 shares during the period. State Street Corp raised its position in shares of RTX by 0.5% in the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after acquiring an additional 552,009 shares during the period. Capital Research Global Investors boosted its stake in shares of RTX by 1.1% during the 3rd quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock worth $12,750,087,000 after acquiring an additional 799,155 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of RTX by 2.8% in the third quarter. Fisher Asset Management LLC now owns 21,174,194 shares of the company’s stock valued at $3,543,078,000 after buying an additional 575,004 shares in the last quarter. Finally, Norges Bank acquired a new position in RTX during the second quarter worth $2,359,602,000. 86.50% of the stock is owned by institutional investors and hedge funds.

About RTX

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.