RTX (NYSE:RTX) Shares Down 2.2% Following Insider Selling

RTX Corporation (NYSE:RTXGet Free Report) shares fell 2.2% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $220.22 and last traded at $220.4820. Approximately 5,975,228 shares were traded during trading, an increase of 6% from the average daily volume of 5,648,113 shares. The stock had previously closed at $225.49.

Specifically, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. The trade was a 50.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analyst Weigh In

Several research firms have weighed in on RTX. Morgan Stanley restated an “overweight” rating and set a $240.00 target price on shares of RTX in a report on Friday, July 24th. Erste Group Bank lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 price target on shares of RTX in a research report on Monday, July 27th. Susquehanna lifted their price objective on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research report on Friday, July 24th. Finally, Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $228.59.

Read Our Latest Research Report on RTX

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

  • Positive Sentiment: Raytheon, RTX’s defense unit, won a reported $22.9 billion, seven-year U.S. Navy Tomahawk contract. The agreement is expected to increase production from roughly 60 missiles annually to more than 1,000, improving long-term revenue visibility and supporting RTX’s defense backlog. RTX Stock Gets a Radar Lock on a $23B Navy Win
  • Positive Sentiment: The contract adds to recently strong fundamentals: RTX exceeded second-quarter earnings and revenue estimates, raised its full-year outlook, and continues to benefit from defense spending and commercial aerospace demand. RTX Lands $22.9 Billion Tomahawk Deal
  • Positive Sentiment: A new industry report projects continued growth in commercial aircraft inflight-entertainment and connectivity systems, including opportunities from Asia-Pacific fleet expansion, narrowbody aircraft and premium-cabin retrofits. RTX is identified as a key market participant. Commercial Aircraft Inflight Entertainment and Connectivity Systems Market Report
  • Neutral Sentiment: Analyst coverage presents RTX as a high-quality aerospace and defense company, but comparisons with Embraer and other industrial stocks suggest investors may find better value elsewhere. EMBJ or RTX: Which Is the Better Value Stock Right Now?
  • Negative Sentiment: RTX shares trade near their 52-week high at a valuation of roughly 39 times earnings. Commentary notes that the stock has lagged the broader market over the past six months, while some investors question whether the strong defense news is already priced in. 2 Reasons to Like RTX and 1 to Stay Skeptical

RTX Stock Down 2.2%

The stock has a market cap of $297.16 billion, a price-to-earnings ratio of 38.82, a P/E/G ratio of 2.65 and a beta of 0.29. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $201.77 and its two-hundred day moving average is $195.20.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, sell-side analysts predict that RTX Corporation will post 7.22 EPS for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is presently 51.41%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RTX. Field & Main Bank acquired a new stake in shares of RTX during the second quarter worth $3,461,000. Archer Investment Corp acquired a new position in RTX in the second quarter valued at $965,000. Fox Hill Wealth Management increased its stake in RTX by 12.0% in the second quarter. Fox Hill Wealth Management now owns 17,249 shares of the company’s stock valued at $3,273,000 after purchasing an additional 1,842 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in RTX by 3.7% during the second quarter. Kingsview Wealth Management LLC now owns 48,082 shares of the company’s stock worth $9,123,000 after buying an additional 1,699 shares during the period. Finally, Beacon Pointe Advisors LLC lifted its position in RTX by 3.9% during the second quarter. Beacon Pointe Advisors LLC now owns 219,131 shares of the company’s stock worth $41,576,000 after buying an additional 8,313 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

About RTX

(Get Free Report)

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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