RTX (NYSE:RTX) Downgraded by Barclays

Barclays downgraded shares of RTX (NYSE:RTX) from an overweight rating to an equal weight rating in a research report released on Tuesday, Marketbeat Ratings reports. They currently have $75.00 target price on the stock, down from their prior target price of $100.00.

RTX has been the subject of several other reports. Melius downgraded RTX from an overweight rating to a neutral rating and set a $92.00 target price for the company. in a research report on Monday. Royal Bank of Canada dropped their target price on RTX from $110.00 to $105.00 in a research report on Wednesday, July 26th. Argus downgraded RTX from a buy rating to a hold rating in a research report on Monday, July 31st. Susquehanna lowered their price objective on RTX from $117.00 to $110.00 in a research report on Wednesday, July 26th. Finally, StockNews.com downgraded RTX from a buy rating to a hold rating in a research report on Monday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $95.88.

RTX Stock Down 0.1 %

Shares of RTX opened at $75.51 on Tuesday. The firm has a market cap of $109.91 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97. RTX has a 12-month low of $73.62 and a 12-month high of $108.84. The company’s 50-day moving average price is $87.62 and its 200 day moving average price is $94.24. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.11. The firm had revenue of $18.32 billion for the quarter, compared to analyst estimates of $17.68 billion. RTX had a net margin of 7.88% and a return on equity of 9.98%. RTX’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. On average, sell-side analysts forecast that RTX will post 5 earnings per share for the current year.

Institutional Investors Weigh In On RTX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC lifted its stake in RTX by 0.3% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 39,562 shares of the company’s stock valued at $3,993,000 after buying an additional 100 shares during the last quarter. Tyler Stone Wealth Management lifted its stake in RTX by 5.0% in the fourth quarter. Tyler Stone Wealth Management now owns 2,097 shares of the company’s stock valued at $212,000 after buying an additional 100 shares during the last quarter. Argent Advisors Inc. lifted its stake in RTX by 2.8% in the first quarter. Argent Advisors Inc. now owns 3,720 shares of the company’s stock valued at $364,000 after buying an additional 100 shares during the last quarter. Legal Advantage Investments Inc. lifted its stake in RTX by 0.5% in the first quarter. Legal Advantage Investments Inc. now owns 18,734 shares of the company’s stock valued at $1,835,000 after buying an additional 101 shares during the last quarter. Finally, Element Wealth LLC lifted its stake in RTX by 3.7% in the first quarter. Element Wealth LLC now owns 2,893 shares of the company’s stock valued at $283,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 79.06% of the company’s stock.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.