RTX (NYSE:RTX) Upgraded to Buy at Argus

RTX (NYSE:RTX) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday,Finviz reports.

Other equities research analysts also recently issued research reports about the stock. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and increased their target price for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, UBS Group upped their price target on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Trading Up 0.1 %

RTX stock opened at $128.11 on Tuesday. The firm has a market cap of $170.65 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The firm has a fifty day moving average price of $120.18 and a 200 day moving average price of $120.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX has a fifty-two week low of $88.90 and a fifty-two week high of $132.43.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Sell-side analysts anticipate that RTX will post 6.11 earnings per share for the current fiscal year.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of RTX

A number of institutional investors have recently made changes to their positions in the business. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the third quarter valued at about $29,000. Fairway Wealth LLC purchased a new stake in RTX during the 4th quarter worth approximately $31,000. Picton Mahoney Asset Management increased its stake in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after purchasing an additional 265 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of RTX during the fourth quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of RTX during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.