RTX (NYSE:RTX) Shares Down 3.3% – Time to Sell?

Shares of RTX Corporation (NYSE:RTX) were down 3.3% during trading on Thursday. The company traded as low as $190.10 and last traded at $191.9670. Approximately 7,134,756 shares changed hands during trading, an increase of 32% from the average session volume of 5,392,386 shares. The stock had previously closed at $198.43.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense unit, won a phase-one DARPA contract for research into all-optical signal processing. The work aims to speed threat detection and response, adding to RTX’s advanced-defense technology pipeline, though it is an early-stage award. Article: RTX’s Raytheon wins DARPA contract for optical signal processing
• Positive Sentiment: A recent investment commentary pointed to potential sustained demand for Patriot systems, radars, and interceptors as countries expand air defenses. It cited RTX’s substantial backlog and capacity investments, while noting that converting orders into cash depends on execution. Article: America’s Military Rebuild Starts With a Manufacturing Problem
• Negative Sentiment: EVP Dantaya Williams sold 9,071 shares, reducing her holdings by about 35%. The sale may weigh on sentiment, though the filing does not explain her reason. Article: RTX EVP sells 9,071 shares

Analyst Ratings Changes

Several research analysts recently commented on RTX shares. Argus set a $245.00 price objective on shares of RTX and gave the stock a “buy” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft cut shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 target price on the stock. in a report on Tuesday, October 13th. Barclays increased their target price on RTX from $223.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th. Finally, Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $231.24.

RTX Stock Performance

The business’s fifty day moving average price is $194.31 and its 200-day moving average price is $195.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. The stock has a market capitalization of $259.05 billion, a PE ratio of 31.16, a P/E/G ratio of 2.27 and a beta of 0.30.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. RTX’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.70 earnings per share. As a group, equities research analysts expect that RTX Corporation will post 7.68 EPS for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. RTX’s dividend payout ratio (DPR) is presently 47.40%.

Insiders Place Their Bets

In other news, EVP Dantaya Williams sold 9,071 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $201.70, for a total value of $1,829,620.70. Following the transaction, the executive vice president owned 16,930 shares of the company’s stock, valued at approximately $3,414,781. This represents a 34.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

Institutional Trading of RTX

Several institutional investors and hedge funds have recently modified their holdings of RTX. Evergreen Advisors LLC bought a new stake in RTX during the first quarter valued at approximately $31,000. Signature Resources Capital Management LLC increased its holdings in shares of RTX by 111.5% in the 1st quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock worth $36,000 after buying an additional 97 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of RTX in the 2nd quarter worth $36,000. Next Level Wealth Planning LLC purchased a new stake in shares of RTX during the 3rd quarter valued at $41,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of RTX during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

About RTX

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.