Stocks of RTX Corp (NYSE:RTX) traded higher last session on Wall Street, down -0.18% to $101.38.
RTX stock price is now 7.15% away from the 50-day moving average and 17.89% away from the 200-day moving average. The market capitalization of the company currently stands at $134.80B.
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 $3.41 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 $0.68 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 $102.63. 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.
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.
