In yesterday’s Wall Street session, RTX Corp (NYSE:RTX) shares traded at $94.86, up 1.50% from the previous session.
RTX stock price is now 5.78% away from the 50-day moving average and 10.50% away from the 200-day moving average. The market capitalization of the company currently stands at $125.86B.
With the price target enhanced from $100 to $120, Wells Fargo Upgraded its rating from Equal Weight to Overweight for RTX Corp (NYSE: RTX). On January 25, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $78 to quote $100, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Williams Dantaya M, EVP & Chief HR Officer sold 105 shares of the company’s stock on Mar 08 ’24. The stock was sold for $9,507 at an average price of $90.54. Upon completion of the transaction, the EVP & Chief HR Officer now directly owns 33,667 shares in the company, valued at $3.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’24, President, P&W Eddy Shane G sold 35,456 shares of the business’s stock. A total of $3,233,271 was realized by selling the stock at an average price of $91.19. This leaves the insider owning 6,741 shares of the company worth $0.64 million. A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, RTX Corp has had a low of $68.56 and a high of $104.91. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 1.04, and a quick ratio of 0.78. According to the stock market information, the enterprise value for the company is $162.92B, which is based on a 42.38 price-to-earnings ratio, a 3.74 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for RTX is $89.68 and a two-hundred day moving average price translates $85.84 for the stock.
The latest earnings results from RTX Corp (NYSE: RTX) was released for Dec, 2023. According to the Aerospace & Defense Company, earnings per share came in at $1.29, beating analysts’ expectations of $1.24 by 0.05. This compares to $0.01 EPS in the same period last year. The net profit margin was 4.64% and return on equity was 4.83% for RTX. The company reported revenue of $19.93 billion for the quarter, compared to $18.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.14 percent. For the current quarter, analysts expect RTX to generate $18.35B in revenue.
RTX Corp(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. This segment also designs, produces, and supports cabin interior, including oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; battlespace, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and asset and information management services. Its Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon segment provides defensive and offensive threat detection, tracking, and mitigation capabilities for U.S., foreign government, and commercial customers. The company was formerly known as Raytheon Technologies Corporation and changed its name to RTX Corporation in July 2023. RTX Corporation was incorporated in 1934 and is headquartered in Arlington, Virginia.
