RTX (NYSE:RTX) Stock Price Down 2.5% - What's Next?

On Monday, shares of RTX Co. (NYSE:RTX) saw a decline of 2.5%, trading at a low of $121.38 before settling at $122.68. During the trading session, around 7,714,193 shares were exchanged, marking an increase of 64% compared to the average daily volume of 4,715,731 shares. The previous closing price stood at $125.84.

Analyst Ratings Updates

RTX stock has been the focus of numerous research reports recently. Argus upgraded RTX from a "hold" rating to a "buy" rating on February 11th. Barclays also raised its target price for RTX from $108.00 to $130.00 while maintaining an "equal weight" rating as of October 29th. Additionally, on January 29th, Susquehanna increased its target for RTX from $139.00 to $147.00 and gave it a "positive" rating. UBS Group revised its target for RTX, lifting it from $128.00 to $142.00 with a "neutral" rating. Wells Fargo took a similar approach, adjusting their target price from $151.00 to $156.00 while issuing an "overweight" rating on January 30th. Overall, out of 17 analysts, six have marked the stock as a hold, nine assigned it a buy rating, and two issued strong buy ratings. Current consensus indicates a "Moderate Buy" rating with an average price target of $163.07.

Recent Performance and Financial Ratios

As for the company's financial health, RTX demonstrates a quick ratio of 0.74, a current ratio of 0.99, and a debt-to-equity ratio of 0.63. The stock's 50-day moving average is currently $121.03, while its 200-day moving average is $120.77. With a market capitalization at approximately $166.87 billion, RTX has a PE ratio of 35.29, a PEG ratio of 2.06, and a beta of 0.82.

Dividends and Payments

Furthermore, RTX recently announced a quarterly dividend slated for payment on March 20th. Stockholders on record as of February 21st will receive a $0.63 dividend, leading to an annualized dividend of $2.52, which translates to a yield of 2.01%. The company's dividend payout ratio is currently at 70.99%.

Insider Trading Activity

In terms of insider transactions, EVP Dantaya M. Williams sold 14,031 shares on February 5th, for an average price of $129.23, totaling over $1.8 million. Post-sale, Williams holds 44,415 shares in the company, estimated at around $5.74 million, indicating a decrease of 24.01% in their holdings. Such transactions were disclosed in filings with the Securities and Exchange Commission.

Institutional Investment Trends

Looking at the investment landscape, several institutional investors and hedge funds have made adjustments to their stakes in RTX. For instance, MidAtlantic Capital Management acquired a new stake in RTX valued at about $29,000 during the third quarter. Likewise, Fairway Wealth LLC bought into RTX at the same $29,000 mark in the fourth quarter. Notably, Picton Mahoney Asset Management significantly boosted its holdings in RTX by nearly 3,000%, obtaining 274 shares worth about $31,000 after an additional purchase of 265 shares. Overall, institutional investors now hold 86.50% of the stock.

About RTX Corporation

RTX Corporation is an aerospace and defense company that supplies systems and services to commercial, military, and government clients both in the U.S. and abroad. The company operates through three main segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment provides a vast array of aerospace products and services tailored for both civil and military aircraft manufacturers, along with support for commercial spaces and more.

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