RTX Corporation (NYSE:RTX – Get Free Report) dropped 1.4% on Thursday . The company traded as low as $175.30 and last traded at $175.5750. Approximately 5,817,456 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 5,948,765 shares. The stock had previously closed at $178.11.
Trending Headlines about RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon, an RTX business, received the largest order to date for its SharpSight radar system from Blue Raven, signaling continued demand for its surveillance technology. RTX Corporation (RTX) Receives Order For SharpSight radars from Blue Raven
- Positive Sentiment: RTX won a SeaRAM ship self-defense contract for Australian frigates, expanding its international naval defense footprint and adding to its order pipeline. RTX Wins SeaRAM Ship Self-Defense Contract For Australian Frigates
- Positive Sentiment: Collins Aerospace announced a $26.5 million expansion in Florida, which suggests ongoing investment in RTX’s aerospace and defense manufacturing capacity. RTX’s Collins Aerospace Invests $26.5M In Florida Expansion
- Neutral Sentiment: RTX is drawing heavier-than-usual investor attention on Zacks, but the note does not include a new catalyst strong enough on its own to change the fundamental outlook. Investors Heavily Search RTX Corporation (RTX): Here is What You Need to Know
- Neutral Sentiment: Several articles mentioning “RTX” actually refer to Nvidia graphics cards and gaming products, so they are not directly relevant to RTX Corporation’s business or stock. MSI Launches Limited GeForce RTX 5080 Mandalorian and Grogu Edition
- Negative Sentiment: No major company-specific negative headline was reported, but the stock’s decline suggests investors may be taking profits or focusing on broader market weakness despite the positive contract news.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on RTX. Sanford C. Bernstein reissued a “market perform” rating and issued a $204.00 price target on shares of RTX in a report on Thursday, January 29th. Vertical Research reissued a “buy” rating and set a $227.00 price target on shares of RTX in a research note on Tuesday, January 27th. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. JPMorgan Chase & Co. increased their target price on RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, TD Cowen reissued a “buy” rating on shares of RTX in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $210.75.
RTX Trading Down 1.4%
The stock has a 50-day moving average price of $193.17 and a two-hundred day moving average price of $188.89. The stock has a market capitalization of $236.44 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 2.54 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02.
RTX (NYSE:RTX – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts forecast that RTX Corporation will post 6.91 EPS for the current fiscal year.
RTX Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. RTX’s dividend payout ratio (DPR) is currently 54.78%.
Insider Transactions at RTX
In related news, EVP Dantaya M. Williams sold 12,713 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 16,749 shares of the company’s stock, valued at $3,397,199.67. The trade was a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ramsaran Maharajh sold 15,124 shares of RTX stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,698,105.60. The trade was a 53.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 71,728 shares of company stock worth $14,661,279. 0.10% of the stock is owned by company insiders.
Institutional Trading of RTX
Several institutional investors have recently bought and sold shares of the company. BNP Paribas purchased a new stake in shares of RTX during the third quarter valued at approximately $25,000. Navalign LLC bought a new stake in RTX in the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new position in RTX during the 4th quarter valued at about $26,000. Valley Wealth Managers Inc. bought a new position in RTX during the third quarter valued at approximately $30,000. Finally, Core Wealth Advisors LLC purchased a new stake in RTX during the 4th quarter valued at $31,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
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.
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