RTX (NYSE:RTX) Hits New 12-Month High – What’s Next?

RTX Corporation (NYSE:RTX)’s share price hit a new 52-week high on Monday . The company traded as high as $211.74 and last traded at $210.1470, with a volume of 2814094 shares changing hands. The stock had previously closed at $202.62.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research reports. Susquehanna restated a “positive” rating and issued a $230.00 price objective on shares of RTX in a report on Thursday, January 15th. Jefferies Financial Group restated a “hold” rating and issued a $225.00 price target on shares of RTX in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Vertical Research reissued a “buy” rating and issued a $227.00 price objective on shares of RTX in a research report on Tuesday, January 27th. Finally, DZ Bank lowered shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.50.

RTX Price Performance

The business’s 50 day moving average price is $195.27 and its 200-day moving average price is $177.02. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The company has a market cap of $283.07 billion, a PE ratio of 42.45, a price-to-earnings-growth ratio of 2.93 and a beta of 0.42.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. RTX had a net margin of 7.60% and a return on equity of 13.08%. The business had revenue of $24.24 billion during the quarter, compared to analyst estimates of $22.65 billion. During the same period last year, the business earned $1.54 EPS. The business’s revenue was up 12.1% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 20th will be paid a $0.68 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 1.3%. RTX’s payout ratio is 54.84%.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 12,713 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the completion of the sale, the executive vice president owned 16,749 shares of the company’s stock, valued at approximately $3,397,199.67. This trade represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,136 shares of RTX stock in a transaction on Friday, February 13th. The stock was sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the completion of the sale, the vice president owned 27,102 shares of the company’s stock, valued at approximately $5,455,632.60. This trade represents a 23.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,255 shares of company stock valued at $18,151,956 in the last three months. 0.15% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RTX. State Street Corp grew its holdings in shares of RTX by 0.5% during the 2nd quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after purchasing an additional 552,009 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in RTX by 1.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock valued at $192,333,000 after buying an additional 16,034 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of RTX by 10.6% during the third quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock valued at $28,648,000 after buying an additional 16,467 shares during the last quarter. Rockland Trust Co. increased its holdings in shares of RTX by 121.1% in the third quarter. Rockland Trust Co. now owns 20,245 shares of the company’s stock worth $3,388,000 after buying an additional 11,089 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of RTX by 2.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,693,324 shares of the company’s stock valued at $283,344,000 after acquiring an additional 33,395 shares during the last quarter. 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.