RTX Co. (NYSE:RTX) Given Average Recommendation of “Moderate Buy” by Brokerages

RTX Co. (NYSE:RTX) has been given an average rating of “Moderate Buy” by the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $177.27.

A number of research firms have issued reports on RTX. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and lifted their target price for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. UBS Group increased their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Susquehanna boosted their price objective on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd.

RTX Stock Performance

Shares of RTX stock opened at $116.59 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The company has a market cap of $155.18 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.09 and a beta of 0.80. The company has a 50 day moving average of $122.07 and a 200-day moving average of $115.23. RTX has a 1-year low of $79.67 and a 1-year high of $128.70.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that RTX will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is currently 72.00%.

Institutional Investors Weigh In On RTX

A number of institutional investors have recently modified their holdings of RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the 3rd quarter valued at about $29,000. Briaud Financial Planning Inc boosted its holdings in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of RTX during the 2nd quarter worth approximately $32,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the 3rd quarter valued at $41,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of RTX during the 2nd quarter valued at $41,000. 86.50% of the stock is owned by institutional investors.

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.