Stock Traders Purchase Large Volume of Call Options on RTX (NYSE:RTX)

RTX Corporation (NYSE:RTX) saw unusually large options trading on Thursday. Traders acquired 24,701 call options on the company. Thisrepresentsanincreaseofapproximately45% compared to the average daily volume of 17,003 call options.

RTX Price Performance

NYSE RTX opened at $160.76 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock’s fifty day moving average price is $151.96 and its 200 day moving average price is $138.18. RTX has a 1 year low of $112.27 and a 1 year high of $161.26. The company has a market cap of $215.18 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 2.95 and a beta of 0.69.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts forecast that RTX will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 15th. RTX’s dividend payout ratio (DPR) is currently 59.78%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RTX shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Morgan Stanley increased their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Citigroup increased their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.67.

Insider Activity at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,557 shares of company stock valued at $11,275,816 over the last 90 days. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On RTX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lavaca Capital LLC grew its position in RTX by 4.0% during the 2nd quarter. Lavaca Capital LLC now owns 5,185 shares of the company’s stock worth $757,000 after purchasing an additional 200 shares during the period. Tribridge Partners Financial LLC acquired a new stake in RTX during the 2nd quarter worth about $213,000. Orion Porfolio Solutions LLC boosted its stake in shares of RTX by 6.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 123,424 shares of the company’s stock worth $18,022,000 after acquiring an additional 7,870 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of RTX by 270.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 201,781 shares of the company’s stock worth $29,464,000 after acquiring an additional 147,361 shares in the last quarter. Finally, Silverlake Wealth Management LLC boosted its stake in shares of RTX by 33.6% during the 2nd quarter. Silverlake Wealth Management LLC now owns 3,399 shares of the company’s stock worth $496,000 after acquiring an additional 854 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.