RTX’s (RTX) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their buy (b) rating on shares of RTX (NYSE:RTX) in a research report sent to investors on Friday morning,Weiss Ratings reports.

Several other research analysts have also recently issued reports on RTX. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. UBS Group boosted their price objective on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group boosted their price objective on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Bank of America boosted their price objective on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.47.

RTX Stock Up 0.7%

Shares of RTX stock opened at $178.70 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market capitalization of $239.60 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. RTX has a 52-week low of $112.27 and a 52-week high of $181.31. The company has a 50-day simple moving average of $163.32 and a two-hundred day simple moving average of $149.76.

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

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio is currently 55.85%.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction 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 approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,471 shares of company stock valued at $6,210,875 over the last three months. Corporate insiders own 0.15% of the company’s stock.

Institutional Trading of RTX

A number of hedge funds and other institutional investors have recently modified their holdings of RTX. PFS Partners LLC raised its position in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in RTX by 57.4% during the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after acquiring an additional 70 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in RTX during the second quarter valued at $29,000. Access Investment Management LLC purchased a new position in RTX during the second quarter valued at $31,000. Finally, Clayton Financial Group LLC purchased a new position in RTX during the third quarter valued at $36,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

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.