Currently, there are 1.33B common shares owned by the public and among those 1.33B shares have been available to trade.
Insiders at the company have transacted a total of 8 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 533 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 9,536 shares.
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However, the script later moved the day high at 90.48, up 0.44%. The company’s stock has a 5-day price change of -0.62% and 13.05% over the past three months. RTX shares are trading 7.46% year to date (YTD), with the 12-month market performance down to -9.24% lower. It has a 12-month low price of $68.56 and touched a high of $104.91 over the same period. RTX has an average intraday trading volume of 7.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.67%, 3.44%, and 4.95% respectively.
Institutional ownership of RTX Corp (NYSE: RTX) shares accounts for 87.83% of the company’s 1.33B shares outstanding.
It has a market capitalization of $119.97B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 40.39, while the earnings-per-share (ttm) stands at $2.24. The company has a PEG of 3.70 and a Quick Ratio of 0.78 with the debt-to-equity ratio at 0.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.23% over the week and 1.39% over the month.
Earnings per share for the fiscal year are expected to increase by 6.58%, and 14.07% over the next financial year. EPS should grow at an annualized rate of 10.91% over the next five years, compared to -19.30% over the past 5-year period.
Looking at the support for the RTX, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on January 25, 2024, with the firm’s price target at $78-$100. Robert W. Baird coverage for the RTX Corp (RTX) stock in a research note released on January 16, 2024 offered a Neutral rating with a price target of $94. Redburn Atlantic was of a view on November 15, 2023 that the stock is Neutral, while DZ Bank gave the stock Sell rating on October 27, 2023, issuing a price target of $79- $68. UBS on their part issued Neutral rating on October 11, 2023.
