RTX (NYSE:RTX) Stock Lifted to Strong-Buy by Zacks Research

Zacks Research upgraded shares of RTX (NYSE:RTX – Free Report) from a hold rating to a strong-buy rating in a report published on Monday,Zacks reports.

Other research analysts have also issued reports about the company. TD Cowen cut their price target on RTX from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, October 9th. Robert W. Baird set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. BNP Paribas Exane boosted their target price on shares of RTX from $220.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Jefferies Financial Group set a $250.00 target price on shares of RTX and gave the stock a “buy” rating in a research report on Sunday, July 26th. Finally, UBS Group upped their target price on shares of RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $231.24.

View Our Latest Stock Report on RTX

RTX Trading Up 2.1%

RTX stock opened at $200.39 on Monday. RTX has a 52 week low of $166.74 and a 52 week high of $226.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The firm has a market capitalization of $270.41 billion, a PE ratio of 32.53, a PEG ratio of 2.17 and a beta of 0.30. The business’s 50-day simple moving average is $193.00 and its 200-day simple moving average is $195.54.

RTX (NYSE:RTX – Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 EPS. Equities research analysts forecast that RTX will post 7.73 earnings per share for the current year.

RTX Dividend Announcement

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

Insider Activity at RTX

In other RTX news, EVP Dantaya Williams sold 9,071 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the sale, the executive vice president owned 16,930 shares in the company, valued at approximately $3,414,781. This trade represents a 34.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’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 sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This represents a 50.88% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of RTX in the 2nd quarter valued at $20,970,571,000. Bank of New York Mellon Corp bought a new position in RTX during the second quarter worth about $1,456,256,000. Legal & General Group Plc acquired a new stake in RTX during the second quarter valued at approximately $1,267,256,000. Deutsche Bank AG acquired a new stake in RTX during the second quarter valued at approximately $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in RTX during the second quarter valued at approximately $636,932,000. 86.50% of the stock is owned by institutional investors.

RTX News Summary

Here are the key news stories impacting RTX this week:

  • Positive Sentiment: A report says RTX expects margin expansion and cash-flow growth in 2027, pointing to potential improvement in profitability and cash generation. RTX sees margin expansion, cash flow growth in 2027
  • Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 training rocket for the U.S. Army. The milestone advances a program intended to replace the Army’s current practice rocket and may support future business opportunities. Raytheon advances Joint Reduced Range Rocket with third successful flight test
  • Positive Sentiment: RTX was added to Zacks’ Rank #1 (Strong Buy) list, including its income-stock list. Such ratings may bolster investor interest, though they are not company announcements. New Strong Buy Stocks for November 10th
  • Neutral Sentiment: A valuation analysis raises the question of whether RTX’s share price is justified by expected cash flows after a reported 154.1% three-year return. It cites defense contract wins and technology projects, but provides a reason for investors to weigh growth prospects against valuation. Is RTX Still Near Fair Value After New Defense Wins?

RTX Company Profile

(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.

Further Reading

Analyst Recommendations for RTX (NYSE:RTX)

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