RTX (NYSE:RTX) Rating Increased to Buy at Wall Street Zen

RTX (NYSE:RTX) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also recently commented on RTX. The Goldman Sachs Group boosted their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Barclays upped their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $175.80.

RTX Trading Down 0.4%

RTX opened at $178.79 on Friday. RTX has a 12 month low of $112.27 and a 12 month high of $180.50. The stock has a market capitalization of $239.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.20 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. The business has a fifty day moving average price of $161.09 and a 200 day moving average price of $147.55.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the previous year, the firm posted $1.45 EPS. RTX’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts expect that RTX will post 6.11 earnings per share for the current fiscal year.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the company’s 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 sale, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 46,469 shares of company stock valued at $7,364,841 in the last three months. 0.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RTX

Several large investors have recently modified their holdings of RTX. Zullo Investment Group Inc. lifted its stake in shares of RTX by 1.2% in the 3rd quarter. Zullo Investment Group Inc. now owns 4,713 shares of the company’s stock worth $789,000 after acquiring an additional 56 shares during the period. Arrow Financial Corp raised its stake in shares of RTX by 0.8% during the 3rd quarter. Arrow Financial Corp now owns 7,334 shares of the company’s stock worth $1,227,000 after buying an additional 61 shares in the last quarter. Cornerstone Advisory LLC raised its stake in shares of RTX by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after buying an additional 64 shares in the last quarter. TFC Financial Management Inc. raised its stake in shares of RTX by 3.8% during the 3rd quarter. TFC Financial Management Inc. now owns 1,754 shares of the company’s stock worth $294,000 after buying an additional 64 shares in the last quarter. Finally, Briaud Financial Planning Inc raised its stake in shares of RTX by 25.4% during the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after buying an additional 65 shares in 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.