RTX Corp (RTX) up 8.32% since start of the year

RTX Corp (NYSE: RTX) is 8.32% higher on its value in year-to-date trading and has touched a low of $68.56 and a high of $104.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RTX stock was last observed hovering at around $90.51 in the last trading session, with the day’s gains setting it 0.63%.

Currently trading at $91.14, the stock is 1.99% and 6.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.48 million and changing 0.70% at the moment leaves the stock 5.35% off its SMA200. RTX registered -6.86% loss for a year compared to 6-month loss of 4.95%. The firm has a 50-day simple moving average (SMA 50) of $2.32 and a 200-day simple moving average (SMA200) of $16.45.

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The stock witnessed a 6.82% gain in the last 1 month and extending the period to 3 months gives it a 10.57%, and is -1.19% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.52% over the week and 1.63% over the month.

RTX Corp (RTX) has around Feb 22 2024 employees, a market worth around $120.93B and $68.92B in sales. Current P/E ratio is 40.71 and Fwd P/E is 14.80. Profit margin for the company is 4.64%. Distance from 52-week low is 32.94% and -13.13% from its 52-week high. The company has generated returns on investments over the last 12 months (3.09%).

RTX Corp quarterly earnings per share for the current quarter are estimated at $1.22 with sales reaching $18.4B over the same period.The EPS is expected to grow by 6.51% this year, but quarterly earnings will post 5.90% year-over-year. Quarterly sales are estimated to grow 18.60% in year-over-year returns.

RTX Corp (RTX) Top Institutional Holders

2,750 institutions hold shares in RTX Corp (RTX), with institutional investors hold 86.62% of the company’s shares. The shares outstanding are 1.33B, and float is at 1.33B with Short Float at 3.93%. Institutions hold 86.55% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 125.3 million shares valued at $12.27 billion. The investor’s holdings represent 8.61% of the RTX Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 124.35 million shares valued at $12.18 billion to account for 8.54% of the shares outstanding. The other top investors are Blackrock Inc. which holds 102.77 million shares representing 7.06% and valued at over $10.07 billion, while Capital Research Global Investors holds 4.57% of the shares totaling 66.53 million with a market value of $6.52 billion.

RTX Corp (RTX) Insider Activity

A total of 2 insider transactions have happened at RTX Corp (RTX) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider sale by Mitchill Neil G. JR,the company’sEVP, Chief Financial Officer. SEC filings show that Mitchill Neil G. JR sold 1,545 shares of the company’s common stock on Feb 07 at a price of $92.36 per share for a total of $0.14 million. Following the sale, the insider now owns 49894.0 shares.

RTX Corp disclosed in a document filed with the SEC on Feb 07 that Calio Christopher T. (President and COO) sold a total of 367 shares of the company’s common stock. The trade occurred on Feb 07 and was made at $92.63 per share for $33995.0. Following the transaction, the insider now directly holds 56707.0 shares of the RTX stock.

Still, SEC filings show that on Feb 07, Maharajh Ramsaran (EVP and General Counsel) disposed off 312 shares at an average price of $92.17 for $28757.0. The insider now directly holds 11,676 shares of RTX Corp (RTX).

RTX Corp (RTX): Who are the competitors?

The company’s main competitors (and peers) include Boeing Co. (BA) that is trading -2.93% down over the past 12 months. SAFRAN S.A. (SAF) that is 55.29% higher over the same period.