RTX (NYSE:RTX) Hits New 12-Month High on Analyst Upgrade

RTX Corporation (NYSE:RTX)’s stock price reached a new 52-week high on Tuesday after Bank of America raised their price target on the stock from $175.00 to $215.00. Bank of America currently has a buy rating on the stock. RTX traded as high as $181.21 and last traded at $181.0340, with a volume of 596252 shares changing hands. The stock had previously closed at $179.24.

Several other analysts also recently commented on the stock. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird set a $203.00 price objective on shares of RTX in a research report on Wednesday, October 22nd. Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. The Goldman Sachs Group raised their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.47.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,318 shares of company stock valued at $8,238,388 in the last 90 days. 0.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RTX

Several large investors have recently bought and sold shares of RTX. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX during the 1st quarter valued at $26,000. PFS Partners LLC increased its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of RTX during the 2nd quarter valued at $29,000. Access Investment Management LLC purchased a new stake in shares of RTX during the 2nd quarter valued at $31,000. Finally, SOA Wealth Advisors LLC. increased its position in shares of RTX by 57.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 0.3%

The stock has a market capitalization of $239.67 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66. The firm has a 50-day moving average price of $162.06 and a 200-day moving average price of $148.59. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $21.26 billion. During the same period last year, the firm posted $1.45 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Company Profile

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.