RTX (NYSE:RTX) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

RTX Corporation (NYSE:RTX – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $195.56 and traded as low as $190.10. RTX shares last traded at $191.9670, with a volume of 7,141,412 shares.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

  • Positive Sentiment: A report highlights RTX’s substantial order base and investment in expanding production capacity. It cites a $340 billion backlog, third-quarter sales of about $25 billion, and a higher 2026 free-cash-flow outlook of $9 billion to $9.2 billion. These figures suggest demand could support growth, though execution and contract economics remain important. America’s Military Rebuild Starts With a Manufacturing Problem
  • Positive Sentiment: Defense-industry earnings point to continuing demand for conventional weapons as well as drones and advanced defense systems. That broader rearmament trend could benefit RTX, which supplies air-defense systems and related equipment, although the report does not discuss RTX specifically. Tanks or drones? Defense earnings reveal a more complicated rearmament boom
  • Negative Sentiment: Political uncertainty is pressuring defense-sector shares: a report says the midterm election results put a proposed $1.5 trillion defense spending request in doubt. If spending plans stall or shrink, investors may reassess future growth for contractors such as RTX. Defense Stocks Sank as Democrats Took Congress and the $1.5 Trillion Budget Looks Doomed
  • Negative Sentiment: One report attributed RTX share weakness to insider selling, which can concern investors about near-term sentiment. The provided article details do not specify the seller or the size of the insider transaction. RTX Shares Down 2.7% After Insider Selling
  • Negative Sentiment: ETFs sold about $39 million of RTX shares on Nov. 4. This may add near-term selling pressure, though ETF flows alone do not indicate a change in the company’s fundamentals. RTX Sees $39.0 Million in Net ETF Selling

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on RTX from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Robert W. Baird set a $240.00 target price on RTX in a research note on Friday, July 24th. Weiss Ratings upgraded RTX from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, October 22nd. UBS Group upped their price target on RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $240.00 price target (up from $220.00) on shares of RTX in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average price target of $231.24.

Read Our Latest Report on RTX

RTX Trading Down 1.2%

The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $255.84 billion, a P/E ratio of 30.78, a PEG ratio of 2.26 and a beta of 0.30. The business has a 50 day moving average price of $193.46 and a 200 day moving average price of $195.52.

RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The business had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. RTX’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. Analysts anticipate that RTX Corporation will post 7.68 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. RTX’s payout ratio is presently 47.40%.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 9,071 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the transaction, the executive vice president owned 16,930 shares of the company’s stock, valued at $3,414,781. This represents a 34.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of RTX

Several hedge funds have recently bought and sold shares of the stock. Rasp Wealth Solutions LLC boosted its position in shares of RTX by 13.7% during the third quarter. Rasp Wealth Solutions LLC now owns 3,774 shares of the company’s stock worth $701,000 after buying an additional 455 shares during the period. MSH Capital Advisors LLC raised its position in RTX by 0.4% in the 3rd quarter. MSH Capital Advisors LLC now owns 14,436 shares of the company’s stock valued at $2,680,000 after buying an additional 53 shares during the last quarter. Cornerstone Advisory LLC lifted its stake in RTX by 4.1% in the 3rd quarter. Cornerstone Advisory LLC now owns 7,249 shares of the company’s stock valued at $1,346,000 after acquiring an additional 285 shares in the last quarter. Ibex Wealth Advisors lifted its stake in RTX by 40.5% in the 3rd quarter. Ibex Wealth Advisors now owns 3,999 shares of the company’s stock valued at $742,000 after acquiring an additional 1,152 shares in the last quarter. Finally, Patrick Mauro Investment Advisor INC. lifted its stake in RTX by 2.2% in the 3rd quarter. Patrick Mauro Investment Advisor INC. now owns 38,279 shares of the company’s stock valued at $7,107,000 after acquiring an additional 829 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

About RTX

(Get Free Report)

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.

Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.

Further Reading

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