RTX (NYSE:RTX) Raised to “Strong-Buy” at BNP Paribas

RTX (NYSE:RTX) was upgraded by research analysts at BNP Paribas to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms also recently commented on RTX. JPMorgan Chase & Co. lifted their target price on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Susquehanna raised their target price on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Finally, UBS Group upped their price target on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.44.

RTX Stock Performance

NYSE RTX traded down $0.72 during trading hours on Tuesday, hitting $173.06. The company’s stock had a trading volume of 1,174,155 shares, compared to its average volume of 5,017,624. RTX has a 12 month low of $112.27 and a 12 month high of $181.31. The company’s 50 day simple moving average is $168.16 and its two-hundred day simple moving average is $154.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The company has a market cap of $232.03 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter last year, the firm posted $1.45 EPS. The business’s quarterly 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, sell-side analysts expect that RTX will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The SEC filing for this sale provides additional information. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On RTX

A number of institutional investors have recently added to or reduced their stakes in RTX. Faithward Advisors LLC boosted its position in shares of RTX by 3.7% during the third quarter. Faithward Advisors LLC now owns 2,210 shares of the company’s stock worth $370,000 after acquiring an additional 79 shares during the last quarter. AdviceOne Advisory Services LLC increased its holdings in RTX by 1.5% in the 3rd quarter. AdviceOne Advisory Services LLC now owns 563,015 shares of the company’s stock valued at $94,209,000 after acquiring an additional 8,411 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in RTX by 9.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 75,321 shares of the company’s stock worth $12,604,000 after purchasing an additional 6,566 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of RTX by 496.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,164 shares of the company’s stock valued at $195,000 after purchasing an additional 969 shares during the last quarter. Finally, Second Line Capital LLC grew its position in shares of RTX by 86.3% during the third quarter. Second Line Capital LLC now owns 2,873 shares of the company’s stock valued at $481,000 after purchasing an additional 1,331 shares in the last quarter. 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.