RTX (NYSE:RTX) Trading Up 1.1% – Time to Buy?

Shares of RTX Corporation (NYSE:RTX) were up 1.1% during trading on Friday . The company traded as high as $223.07 and last traded at $222.8760. 2,856,125 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 5,640,501 shares. The stock had previously closed at $220.48.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: The Pentagon signed a framework agreement with RTX and Boeing to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The deal should support RTX’s missile-defense backlog and could lead to additional orders as the U.S. replenishes stockpiles. Pentagon signs deals with Boeing and RTX to boost missile interceptor component production
• Positive Sentiment: RTX is expanding missile production and investing in advanced defense technologies as demand for precision weapons rises among the United States and its allies. This provides a favorable long-term growth outlook for the company’s Raytheon business. Is RTX Strengthening Its Position in the Global Missile Market?
• Positive Sentiment: Unusually heavy call-option activity and broader strength in domestic defense and drone stocks indicate increased speculative and institutional interest in the defense sector, potentially adding near-term support for RTX shares.
• Neutral Sentiment: Wall Street analysts remain broadly favorable toward RTX, but analyst recommendations can be overly optimistic and are not a guarantee of future performance. Wall Street Analysts Think RTX Is a Good Investment: Is It?
• Negative Sentiment: After a substantial multiyear rally, valuation checks suggest RTX is near fair value rather than clearly undervalued. With a relatively high earnings multiple, further gains may depend on converting defense demand into higher production, earnings and cash flow. RTX Stock May Be 3% Undervalued Despite Fresh Missile Defense Contract

Analysts Set New Price Targets

A number of research firms recently weighed in on RTX. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Sanford C. Bernstein boosted their price target on shares of RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Robert W. Baird set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. Royal Bank Of Canada raised their price objective on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $238.00 target price on shares of RTX in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $228.59.

RTX Trading Up 1.1%

The business’s 50 day simple moving average is $199.18 and its 200 day simple moving average is $194.67. The stock has a market cap of $300.38 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 2.65 and a beta of 0.29. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. During the same period in the prior year, the firm earned $1.56 EPS. RTX’s quarterly revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, research analysts expect that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.3%. RTX’s dividend payout ratio is currently 51.41%.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the sale, the vice president owned 20,099 shares in the company, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 15,567 shares of company stock valued at $3,304,375. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On RTX

Several institutional investors and hedge funds have recently modified their holdings of RTX. Navalign LLC bought a new stake in shares of RTX during the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new position in RTX in the 4th quarter valued at about $26,000. Core Wealth Advisors LLC acquired a new stake in RTX during the fourth quarter worth approximately $31,000. 1 North Wealth Services LLC boosted its holdings in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares during the period. Finally, Evergreen Advisors LLC bought a new stake in shares of RTX during the first quarter worth approximately $31,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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.