RTX (NYSE:RTX) Price Target Raised to $215.00

RTX (NYSE:RTX) had its price objective increased by Bank of America from $175.00 to $215.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also weighed in on RTX. JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. 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 report on Wednesday, October 22nd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Citigroup boosted their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Morgan Stanley set a $215.00 price target on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Two 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. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $178.47.

RTX Trading Down 1.3%

Shares of NYSE RTX opened at $176.28 on Monday. The stock has a market cap of $236.35 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 2.83 and a beta of 0.66. The business has a 50 day simple moving average of $162.45 and a 200 day simple moving average of $148.93. RTX has a 52 week low of $112.27 and a 52 week high of $181.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share 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 analyst estimates of $21.26 billion. During the same period in the previous year, the company earned $1.45 EPS. The company’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. On average, research analysts predict that RTX will post 6.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,318 shares of company stock valued at $8,238,388 in the last three months. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of RTX

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brookwood Investment Group LLC bought a new stake in shares of RTX during the first quarter worth $1,288,000. LBP AM SA grew its holdings in shares of RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after purchasing an additional 41,990 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after purchasing an additional 5,356 shares during the last quarter. Redwood Financial Network Corp bought a new stake in shares of RTX during the first quarter worth $243,000. Finally, Zuckerman Investment Group LLC grew its holdings in shares of RTX by 54.1% during the first quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock worth $767,000 after purchasing an additional 2,033 shares during the last quarter. 86.50% of the stock is currently owned by 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.