Brokerages Set RTX Co. (NYSE:RTX) Price Target at $178.67

Shares of RTX Co. (NYSE:RTX) have earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $178.67.

Several analysts have weighed in on the stock. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna boosted their price target on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd.

Institutional Investors Weigh In On RTX

Several hedge funds have recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC acquired a new position in RTX in the fourth quarter valued at $39,000. Fairfield Financial Advisors LTD acquired a new stake in RTX during the 2nd quarter worth about $41,000. Western Pacific Wealth Management LP bought a new position in shares of RTX in the 3rd quarter worth about $41,000. Finally, Kimelman & Baird LLC acquired a new position in shares of RTX in the 2nd quarter valued at about $46,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE RTX opened at $113.98 on Friday. The stock has a market cap of $151.71 billion, a PE ratio of 32.57, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a 50-day moving average of $118.64 and a 200-day moving average of $116.65. RTX has a 52-week low of $84.43 and a 52-week high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. On average, sell-side analysts anticipate that RTX will post 5.56 EPS for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, November 15th. RTX’s dividend payout ratio is currently 72.00%.

About RTX

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.