RTX Co. (NYSE:RTX) Receives $178.67 Consensus Target Price from Brokerages

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

A number of research firms have weighed in on RTX. Susquehanna raised their price objective on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Barclays raised their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley increased their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st.

RTX Trading Down 1.6 %

NYSE:RTX opened at $113.98 on Friday. The firm has a fifty day simple moving average of $118.64 and a two-hundred day simple moving average of $116.65. RTX has a 12 month low of $84.43 and a 12 month high of $128.70. The stock has a market capitalization of $151.71 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 2.08 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

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

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were given 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 (DPR) is presently 72.00%.

Hedge Funds Weigh In On RTX

Hedge funds have recently bought and sold shares of the company. LRI Investments LLC boosted its stake in RTX by 6.5% during the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after buying an additional 4,732 shares during the period. Napa Wealth Management purchased a new position in shares of RTX during the third quarter worth about $1,307,000. Mirae Asset Global Investments Co. Ltd. raised its stake in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares in the last quarter. Kennebec Savings Bank bought a new stake in RTX during the third quarter valued at approximately $953,000. Finally, Point72 Hong Kong Ltd grew its stake in RTX by 83.5% in the 3rd quarter. Point72 Hong Kong Ltd now owns 82,803 shares of the company’s stock worth $10,032,000 after buying an additional 37,671 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

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.