RTX (NYSE:RTX) Stock Rating Upgraded by Zacks Research

RTX (NYSE:RTX) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

Several other research analysts also recently issued reports on RTX. Jefferies Financial Group set a $250.00 price objective on shares of RTX and gave the stock a “buy” rating in a research report on Sunday, July 26th. TD Cowen reduced their target price on shares of RTX from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, October 9th. Wells Fargo & Company increased their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. UBS Group raised their price target on RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, October 21st. Finally, Susquehanna boosted their price target on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $231.24.

RTX Price Performance

Shares of NYSE RTX opened at $200.39 on Monday. The stock’s 50-day simple moving average is $193.00 and its 200-day simple moving average is $195.54. The firm has a market capitalization of $270.41 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.30. RTX has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts forecast that RTX will post 7.73 EPS for the current fiscal year.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dantaya Williams sold 9,071 shares of RTX stock in a transaction on Friday, October 30th. The stock was sold at an average price of $201.70, for a total value of $1,829,620.70. Following the transaction, the executive vice president directly owned 16,930 shares of the company’s stock, valued at $3,414,781. This trade represents a 34.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RTX

Several hedge funds have recently bought and sold shares of the stock. Edmond DE Rothschild Holding S.A. lifted its holdings in RTX by 1.8% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 43,073 shares of the company’s stock valued at $7,997,000 after purchasing an additional 762 shares in the last quarter. Beta Wealth Group Inc. boosted its stake in shares of RTX by 4.0% during the 3rd quarter. Beta Wealth Group Inc. now owns 2,608 shares of the company’s stock worth $484,000 after purchasing an additional 100 shares during the last quarter. Private Wealth Asset Management LLC grew its holdings in shares of RTX by 51.9% during the third quarter. Private Wealth Asset Management LLC now owns 22,447 shares of the company’s stock worth $4,254,000 after buying an additional 7,671 shares in the last quarter. Greenline Wealth Management LLC grew its holdings in shares of RTX by 8.5% during the third quarter. Greenline Wealth Management LLC now owns 4,112 shares of the company’s stock worth $763,000 after buying an additional 321 shares in the last quarter. Finally, Westpac Banking Corp grew its holdings in shares of RTX by 24.7% during the third quarter. Westpac Banking Corp now owns 1,792 shares of the company’s stock worth $333,000 after buying an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: A report says RTX expects margin expansion and cash-flow growth in 2027, pointing to potential improvement in profitability and cash generation. RTX sees margin expansion, cash flow growth in 2027
• Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 training rocket for the U.S. Army. The milestone advances a program intended to replace the Army’s current practice rocket and may support future business opportunities. Raytheon advances Joint Reduced Range Rocket with third successful flight test
• Positive Sentiment: RTX was added to Zacks’ Rank #1 (Strong Buy) list, including its income-stock list. Such ratings may bolster investor interest, though they are not company announcements. New Strong Buy Stocks for November 10th
• Neutral Sentiment: A valuation analysis raises the question of whether RTX’s share price is justified by expected cash flows after a reported 154.1% three-year return. It cites defense contract wins and technology projects, but provides a reason for investors to weigh growth prospects against valuation. Is RTX Still Near Fair Value After New Defense Wins?

RTX Company Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.