UBS Group Raises RTX (NYSE:RTX) Price Target to $133.00

RTX (NYSE:RTX) had its target price boosted by investment analysts at UBS Group from $126.00 to $133.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 5.01% from the stock’s previous close.

A number of other research firms have also commented on RTX. Citigroup raised their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Susquehanna raised their price objective on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday. Wells Fargo & Company decreased their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. The Goldman Sachs Group raised their price objective on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Morgan Stanley increased their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, RTX currently has a consensus rating of “Hold” and an average target price of $167.63.

RTX Stock Performance

Shares of NYSE:RTX traded up $1.12 during trading hours on Wednesday, hitting $126.65. The stock had a trading volume of 1,316,419 shares, compared to its average volume of 6,754,657. The stock’s fifty day simple moving average is $121.27 and its 200 day simple moving average is $110.91. RTX has a 1-year low of $76.96 and a 1-year high of $128.70. The firm has a market capitalization of $168.38 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 2.24 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the business earned $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that RTX will post 5.45 earnings per share for the current fiscal year.

Insider Transactions at RTX

In related news, VP Kevin G. Dasilva sold 8,166 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the sale, the vice president now owns 45,208 shares in the company, valued at approximately $5,197,111.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the sale, the chief executive officer now owns 88,509 shares in the company, valued at $10,090,026. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 8,166 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the sale, the vice president now owns 45,208 shares in the company, valued at $5,197,111.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock valued at $20,861,880 over the last three months. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of large investors have recently made changes to their positions in the company. Elgethun Capital Management increased its stake in shares of RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC grew its position in RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after buying an additional 86 shares in the last quarter. Alpha Omega Wealth Management LLC boosted its holdings in shares of RTX by 0.6% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after purchasing an additional 89 shares in the last quarter. Liberty Capital Management Inc. boosted its holdings in shares of RTX by 0.3% in the 3rd quarter. Liberty Capital Management Inc. now owns 34,120 shares of the company’s stock valued at $4,134,000 after purchasing an additional 90 shares in the last quarter. Finally, Lazari Capital Management Inc. boosted its holdings in shares of RTX by 1.6% in the 2nd quarter. Lazari Capital Management Inc. now owns 6,009 shares of the company’s stock valued at $603,000 after purchasing an additional 95 shares in the last quarter. 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.