RTX (NYSE:RTX) Shares Up 0.1% – Time to Buy?

RTX Co. (NYSE:RTX)’s share price rose 0.1% during mid-day trading on Thursday . The stock traded as high as $134.96 and last traded at $134.43. Approximately 549,744 shares traded hands during trading, a decline of 90% from the average daily volume of 5,338,507 shares. The stock had previously closed at $134.33.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RTX shares. Wells Fargo & Company increased their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Susquehanna boosted their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $166.40.

RTX Stock Down 1.3 %

The firm has a 50-day simple moving average of $128.59 and a 200 day simple moving average of $123.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The company has a market capitalization of $175.81 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, February 21st. RTX’s payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the transaction, the executive vice president now owns 29,742 shares in the company, valued at $3,771,880.44. This trade represents a 39.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 in the last ninety days. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On RTX

Institutional investors and hedge funds have recently made changes to their positions in the company. Milestone Asset Management Group LLC acquired a new position in RTX during the 4th quarter valued at about $2,660,000. Fire Capital Management LLC bought a new position in shares of RTX in the fourth quarter worth $552,000. Prostatis Group LLC increased its holdings in shares of RTX by 27.3% during the fourth quarter. Prostatis Group LLC now owns 6,238 shares of the company’s stock valued at $722,000 after purchasing an additional 1,338 shares during the period. Chancellor Financial Group WB LP acquired a new stake in RTX in the fourth quarter worth about $286,000. Finally, 111 Capital bought a new position in RTX in the 4th quarter valued at about $1,416,000. 86.50% of the stock is owned by institutional investors and hedge funds.

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.