UBS Group Increases RTX (NYSE:RTX) Price Target to $105.00

RTX (NYSE:RTX) had its price objective upped by UBS Group from $103.00 to $105.00 in a research report released on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada lifted their price target on shares of RTX from $82.00 to $88.00 and gave the stock a sector perform rating in a research note on Monday, January 22nd. Wells Fargo & Company reiterated an overweight rating and issued a $120.00 price target on shares of RTX in a research note on Monday, April 1st. Robert W. Baird lifted their price target on shares of RTX from $94.00 to $105.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Barclays lifted their price target on shares of RTX from $75.00 to $90.00 and gave the stock an equal weight rating in a research note on Tuesday, January 30th. Finally, Bank of America upgraded shares of RTX from an underperform rating to a neutral rating and lifted their price target for the stock from $78.00 to $100.00 in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $96.27.

RTX Trading Down 0.4 %

NYSE RTX opened at $101.02 on Wednesday. The firm has a 50 day simple moving average of $95.16 and a 200-day simple moving average of $87.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 1.07. RTX has a one year low of $68.56 and a one year high of $103.89. The firm has a market cap of $134.32 billion, a price-to-earnings ratio of 39.62, a PEG ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. During the same quarter last year, the firm posted $1.22 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts anticipate that RTX will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.34%. RTX’s payout ratio is 92.55%.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other RTX news, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock valued at $3,448,188 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RTX

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oak Family Advisors LLC grew its stake in shares of RTX by 1.4% during the 1st quarter. Oak Family Advisors LLC now owns 75,908 shares of the company’s stock worth $7,403,000 after purchasing an additional 1,027 shares during the period. Pegasus Partners Ltd. acquired a new position in shares of RTX during the 1st quarter worth $213,000. Townsend & Associates Inc grew its stake in shares of RTX by 2.4% during the 1st quarter. Townsend & Associates Inc now owns 169,604 shares of the company’s stock worth $17,194,000 after purchasing an additional 3,930 shares during the period. Round Rock Advisors LLC grew its stake in shares of RTX by 20.7% during the 1st quarter. Round Rock Advisors LLC now owns 12,464 shares of the company’s stock worth $1,216,000 after purchasing an additional 2,138 shares during the period. Finally, Dakota Wealth Management boosted its position in shares of RTX by 7.2% in the 1st quarter. Dakota Wealth Management now owns 32,029 shares of the company’s stock worth $3,124,000 after buying an additional 2,155 shares in the last quarter. 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.