RTX Corporation (NYSE:RTX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of RTX Corporation (NYSE:RTX) have received a consensus rating of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $158.8667.

A number of equities analysts recently commented on RTX shares. Morgan Stanley raised their target price on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen cut RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. UBS Group lifted their price objective on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Citigroup lifted their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st.

RTX Stock Performance

Shares of RTX stock opened at $166.73 on Monday. The business has a 50-day moving average of $158.18 and a 200 day moving average of $144.02. RTX has a 12 month low of $112.27 and a 12 month high of $168.28. The stock has a market capitalization of $223.18 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

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

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On RTX

Several institutional investors have recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC purchased a new stake in RTX during the first quarter worth approximately $26,000. PFS Partners LLC lifted its stake in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in RTX during the second quarter worth approximately $29,000. Access Investment Management LLC purchased a new stake in RTX during the second quarter worth approximately $31,000. Finally, BOK Financial Private Wealth Inc. lifted its stake in RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

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.