RTX Co. (NYSE:RTX – Get Free Report) insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
RTX Stock Performance
NYSE:RTX opened at $127.30 on Thursday. RTX Co. has a 1-year low of $88.95 and a 1-year high of $132.43. The firm has a 50 day simple moving average of $122.09 and a 200-day simple moving average of $121.17. The firm has a market cap of $169.58 billion, a PE ratio of 35.86, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.
RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts expect that RTX Co. will post 6.11 EPS for the current year.
RTX Announces Dividend
Institutional Investors Weigh In On RTX
Hedge funds have recently modified their holdings of the stock. Yoffe Investment Management LLC acquired a new position in RTX during the fourth quarter worth approximately $269,000. Capital A Wealth Management LLC acquired a new position in shares of RTX during the fourth quarter worth about $45,000. LM Advisors LLC boosted its holdings in RTX by 8.3% in the 4th quarter. LM Advisors LLC now owns 3,052 shares of the company’s stock worth $353,000 after acquiring an additional 233 shares during the period. Heck Capital Advisors LLC acquired a new stake in RTX during the 4th quarter valued at $2,258,000. Finally, Leigh Baldwin & CO. LLC purchased a new stake in shares of RTX during the fourth quarter worth about $320,000. 86.50% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
RTX has been the topic of a number of recent analyst reports. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $163.40.
Check Out Our Latest Stock Report on RTX
RTX Company Profile
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.
Featured Articles
- Five stocks we like better than RTX
- How to Short Nasdaq: An Easy-to-Follow Guide
- Buffett’s on the Sidelines – Should You Follow?
- Best Stocks Under $10.00
- AST SpaceMobile Stock Surges 17% After Analyst Upgrade
- What does consumer price index measure?
- 3 Stocks With Triple-Digit PEs That Are Still Worth a Look
Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.