RTX (NYSE:RTX) Trading Down 1.5% – Time to Sell?

RTX Corporation (NYSE:RTXGet Free Report) shares dropped 1.5% on Monday . The stock traded as low as $185.57 and last traded at $186.8560. Approximately 5,018,785 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 6,303,569 shares. The stock had previously closed at $189.71.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

Analyst Upgrades and Downgrades

A number of research firms recently commented on RTX. Erste Group Bank started coverage on shares of RTX in a research report on Tuesday, March 24th. They issued a “buy” rating for the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $204.00 target price on shares of RTX in a report on Thursday, January 29th. Susquehanna restated a “positive” rating and issued a $230.00 price target on shares of RTX in a report on Thursday, January 15th. Royal Bank Of Canada increased their price target on RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, Wells Fargo & Company initiated coverage on RTX in a research report on Wednesday. They set an “equal weight” rating and a $200.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $205.11.

Read Our Latest Research Report on RTX

RTX Price Performance

The stock has a market cap of $262.17 billion, a price-to-earnings ratio of 39.27, a P/E/G ratio of 2.71 and a beta of 0.42. The company has a 50 day simple moving average of $200.30 and a 200-day simple moving average of $183.92. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.08. The company had revenue of $24.24 billion during the quarter, compared to analysts’ expectations of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.RTX’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 20th. RTX’s dividend payout ratio (DPR) is currently 54.84%.

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 15,124 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $204.65, for a total value of $3,095,126.60. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. This trade represents a 53.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,136 shares of RTX stock in a transaction on Friday, February 13th. The shares were 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 owned 27,102 shares in the company, valued at $5,455,632.60. The trade was a 23.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 89,255 shares of company stock valued at $18,151,956 over the last ninety days. Insiders own 0.10% of the company’s stock.

Institutional Trading of RTX

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas bought a new stake in shares of RTX during the 3rd quarter worth approximately $25,000. Navalign LLC bought a new position in shares of RTX in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC acquired a new position in RTX during the fourth quarter worth $26,000. Valley Wealth Managers Inc. bought a new stake in RTX during the third quarter worth $30,000. Finally, Core Wealth Advisors LLC bought a new stake in RTX during the fourth quarter worth $31,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Company Profile

(Get Free Report)

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.

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