2 weeks Ago By ABMN Staff
RTX ( NYSE:RTX – Get Free Report ) had its target price dropped by stock analysts at Susquehanna from $147.00 to $140.00 in a research report issued to clients and investors on Wednesday, Benzinga reports.
The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 14.76% from the company’s previous close.
Several other equities research analysts have also commented on the stock. Wells Fargo & Company increased their price objective on shares of RTX from $136.00 to $144.
00 and gave the company an “overweight” rating in a research note on Tuesday, April 15th. Bank of America lifted their price target on RTX from $145.00 to $155.
00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Citigroup reduced their price objective on RTX from $153.00 to $148.
00 and set a “buy” rating for the company in a research note on Thursday, April 10th. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th.
Finally, Baird R W upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $163.
53. View Our Latest Stock Report on RTX RTX Stock Up 1.4 % RTX ( NYSE:RTX – Get Free Report ) last issued its quarterly earnings data on Tuesday, April 22nd.
The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.
12. RTX had a return on equity of 12.45% and a net margin of 5.
91%. The business had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.
80 billion. Sell-side analysts expect that RTX will post 6.11 EPS for the current fiscal year.
Insider Buying and Selling In other news, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.
95, for a total transaction of $361,728.40. Following the sale, the insider now directly owns 5,272 shares in the company, valued at $664,008.
40. This represents a 35.27 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available at this link . Also, CFO Neil G. Mitchill, Jr.
sold 16,118 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.
30. Following the completion of the transaction, the chief financial officer now owns 59,556 shares of the company’s stock, valued at $7,763,124.60.
This trade represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. Corporate insiders own 0.15% of the company’s stock.
Institutional Investors Weigh In On RTX Institutional investors and hedge funds have recently made changes to their positions in the business. Morse Asset Management Inc bought a new position in shares of RTX in the third quarter worth approximately $321,000. Tudor Financial Inc.
purchased a new stake in shares of RTX during the 3rd quarter valued at $797,000. World Investment Advisors LLC grew its position in RTX by 37.1% in the third quarter.
World Investment Advisors LLC now owns 40,809 shares of the company’s stock worth $4,944,000 after acquiring an additional 11,033 shares in the last quarter. Sfmg LLC increased its stake in RTX by 4.7% in the third quarter.
Sfmg LLC now owns 73,978 shares of the company’s stock valued at $8,963,000 after acquiring an additional 3,306 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of RTX by 365.8% during the 3rd quarter.
Wilmington Savings Fund Society FSB now owns 115,237 shares of the company’s stock valued at $13,962,000 after purchasing an additional 90,499 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.
RTX Company Profile ( Get Free Report ) 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.
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