RTX (NYSE:RTX) Stock Rating Upgraded by Argus

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

Other analysts have also recently issued reports about the company. Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. UBS Group boosted their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Susquehanna raised their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Vertical Research raised RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

RTX Price Performance

RTX stock opened at $126.82 on Tuesday. RTX has a 52 week low of $88.90 and a 52 week high of $132.43. The firm has a market cap of $168.94 billion, a P/E ratio of 35.72, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The business’s fifty day moving average is $120.55 and its two-hundred day moving average is $120.53.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts forecast that RTX will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

Several institutional investors and hedge funds have recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter worth approximately $29,000. Fairway Wealth LLC purchased a new position in RTX in the fourth quarter worth about $31,000. Picton Mahoney Asset Management grew its holdings in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after buying an additional 265 shares during the last quarter. Modus Advisors LLC purchased a new position in RTX in the 4th quarter worth approximately $39,000. Finally, Millstone Evans Group LLC bought a new position in RTX in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors 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.