Key Points
- RTX EVP Dantaya Williams sold 9,071 shares for about $1.83 million, reducing her direct holdings by roughly 35% to 16,930 shares.
- RTX reported quarterly EPS of $2.26, beating the $1.78 consensus, while revenue of $24.96 billion exceeded estimates and rose 11.1% year over year.
- Analysts’ average rating was “Moderate Buy”, with a consensus price target of $231.24.
RTX Corporation (NYSE:RTX - Get Free Report) EVP Dantaya Williams sold 9,071 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 16,930 shares of the company's stock, valued at approximately $3,414,781. This trade represents a 34.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
RTX Trading Up 0.4%
Shares of RTX stock opened at $203.70 on Wednesday. The business has a 50-day moving average of $194.55 and a 200 day moving average of $195.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. RTX Corporation has a 1-year low of $166.74 and a 1-year high of $226.88. The stock has a market capitalization of $274.88 billion, a PE ratio of 33.07, a P/E/G ratio of 2.26 and a beta of 0.30.
RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.48. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. RTX's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.70 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 7.67 earnings per share for the current year.
RTX Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 20th. RTX's dividend payout ratio is 47.40%.
Analysts Set New Price Targets
Several research analysts recently commented on RTX shares. JPMorgan Chase & Co. lifted their target price on shares of RTX from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Weiss Ratings raised shares of RTX from a "buy (b)" rating to a "buy (a-)" rating in a research report on Thursday, October 22nd. Jefferies Financial Group set a $250.00 price target on shares of RTX and gave the stock a "buy" rating in a report on Sunday, July 26th. TD Cowen decreased their price objective on shares of RTX from $240.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. Finally, Robert W. Baird set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RTX has an average rating of "Moderate Buy" and a consensus price target of $231.24.
View Our Latest Report on RTX
Key Stories Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Raytheon, an RTX business, won a phase-one DARPA contract to develop all-optical signal processing for the PICASSO program. The technology is intended to help military operators detect and respond to threats faster, adding to RTX’s defense-technology pipeline, though the initial award is an early-stage development contract. Article: RTX's Raytheon to develop new optical signal processing capability
- Positive Sentiment: A commentary highlighted potential longer-term demand for RTX’s Patriot, radar, and counter-drone systems as militaries replenish weapons and expand air defenses. This is an industry-demand thesis rather than a newly announced order for RTX. Article: Why I’m Watching This Missile Defense Giant as America Rearms for Drone Warfare
- Neutral Sentiment: Wall Street analysts were described as cautiously optimistic, reflecting RTX’s past outperformance but not signaling a clear near-term change in expectations. Article: Are Wall Street Analysts Bullish on RTX Corporation Stock?
- Negative Sentiment: EVP Dantaya Williams sold 9,071 shares for about $1.83 million, reducing her holdings by roughly 35%. Insider sales can weigh on sentiment, although the filing alone does not establish the reason for the transaction. SEC filing for the insider transaction
Institutional Investors Weigh In On RTX
Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in RTX during the 2nd quarter valued at $20,970,571,000. Bank of New York Mellon Corp purchased a new stake in shares of RTX in the 2nd quarter worth about $1,456,256,000. Legal & General Group Plc purchased a new stake in shares of RTX in the 2nd quarter worth about $1,267,256,000. Deutsche Bank AG bought a new stake in shares of RTX during the 2nd quarter valued at about $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of RTX during the 2nd quarter valued at about $636,932,000. Hedge funds and other institutional investors own 86.50% of the company's stock.
RTX Company Profile
(
Get Free Report)
RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.
The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.
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