RTX (NYSE:RTX) Lowered to Hold Rating by Erste Group Bank

Erste Group Bank downgraded shares of RTX (NYSE:RTX) from a buy rating to a hold rating in a research note released on Monday morning, MarketBeat Ratings reports.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Jefferies Financial Group dropped their price target on shares of RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, April 13th. DZ Bank cut shares of RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Wells Fargo & Company assumed coverage on shares of RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 price target on shares of RTX in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average target price of $206.59.

RTX Stock Performance

NYSE RTX opened at $173.29 on Monday. The company has a 50-day simple moving average of $198.43 and a two-hundred day simple moving average of $188.01. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX has a 12-month low of $123.60 and a 12-month high of $214.50. The firm has a market cap of $233.36 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.49 and a beta of 0.43.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities analysts forecast that RTX will post 6.85 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 20th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, February 20th. RTX’s dividend payout ratio (DPR) is currently 51.03%.

Insider Transactions at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $205.56, for a total value of $7,349,797.80. Following the completion of the sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $12,242,331.36. This trade represents a 37.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 8,136 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the completion of the sale, the vice president directly owned 27,102 shares of the company’s stock, valued at approximately $5,455,632.60. This represents a 23.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 89,255 shares of company stock worth $18,151,956. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RTX

Several institutional investors and hedge funds have recently modified their holdings of RTX. BNP Paribas purchased a new stake in shares of RTX in the 3rd quarter worth about $25,000. Navalign LLC bought a new position in shares of RTX in the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of RTX in the 4th quarter worth about $26,000. Valley Wealth Managers Inc. bought a new position in shares of RTX in the 3rd quarter worth about $30,000. Finally, Core Wealth Advisors LLC bought a new position in shares of RTX in the 4th quarter worth about $31,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

About RTX

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.